Morning Note | September 27, 2023 | FSCO Moves Back To Buy Territory

Summary

• Markets are mixed as interest rates decrease, with the S&P 500 and Nasdaq down from year-to-date highs.

• JP Morgan believes technical factors are driving the rise in yields and predicts rates will come back down in the short-term.

• Cash is now yielding more than the S&P 500, but this is not expected to last long.

• BBN and NBB are both duration plays bu…