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Yield Hunting

Morning Note | June 21, 2023

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Yield Hunting
Jun 21, 2023
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Good Morning!

Futures are lower with flat interest rates and inflation breakevens slightly higher.  The market has fallen for two straight days for nearly 1.5% of lost performance.  Futures are indicating that the market will at least start off lower on day 3.  FedEx shares were 3% lower after weaker-than-expected results for the most recent quarter.

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