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Morning Note | April 20, 2023

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Yield Hunting
Apr 20, 2023
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Good Morning!

Shorter note today since we have a preferreds article coming out and a PIMCO article (which I may hold until tomorrow).

Markets are moving lower and I still wonder why not harder.  We saw disappointing results from AT&T and American Express in addition to the widely reported results from Tesla yesterday afternoon.  Philadelphia Fed Index, a …

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