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Morning Note | May 18, 2022

Morning Note | May 18, 2022

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Yield Hunting
May 18, 2022
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Morning Note | May 18, 2022
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Good Morning!

Markets are sharply lower more than erasing the gains made yesterday. For the Dow, this is the first decline in 4 days as we now have two large retail companies warning on rising costs. Yesterday, it was Walmart that was clobbered and today it is Target. The macro data focus is on Mortgage Applications, Housing Starts, and Building Permits;…

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