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Equities appeared to consolidate while bonds appeared to trend lower during the last week.
Market participants appear to be concerned about the possibility of future inflation which could be a factor contributing to the downtrend in bonds. It is possible the pressure on bonds will continue as market participant expectations surrounding inflation adjust.
Don’t forget that stimulus is still working it’s way towards approval. Additionally, bitcoin is working its way into portfolios.
Best
Cory Haupt
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