U.S. equities made a stunning recovery last week while bonds settled within their recent range.
The Conference Board’s Leading Economic Index increased for June suggesting the potential for continued real economic expansion over the short term.
Price action in bonds suggests market participants are not particularly concerned about inflation.
The coming week is a heavy economic data release week squarely in the middle of earnings season. Increased volatility is possible.
– Best Regards
Cory Haupt
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