Morning Note | May 5, 2022
Good Morning! Futures are lower after the Fed induced a strong market rally yesterday. The 10-yr is back up near 2.98%. Oil is nearing $110. Investors now must digest the ramifications of 2x more 50bps hikes, slightly weaker QT, and a Fed that seemingly is returning to the data-driven approach. The market narrative may have shifted to peak hawkishne…
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