Morning Note | July 21, 2023 | PIMCO Coverage And Valuation Update

Good Morning!

The Dow is on pace for a 10-day winning streak at the moment and as you could guess with that kind of move, relative strength indices look significantly overbought.   Interest rates over that time period have some down but are up a bit in the last couple of days.  The Nasdaq rebalance takes place after the close today.  Next week we get the…