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Morning Note | July 1, 2022

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Yield Hunting
Jul 01, 2022
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Good Morning!

Markets are starting the second half in the red as we saw weaker ISM data on manufacturing activity and the Atlanta Fed GDPNow tracker turns down to -1%. That when coupled with the first quarter GDP drop of -1.6% would fit the technical definition of a recession. The National Bureau of Economic Research, the official arbiter of recessions a…

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