Of incremental issuance next year, we think that the recipe for a steeper curve. Is unlikely the curve ends next year steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we of the paint strong growth, inflation maybe ticks up a little bit. It doesnt get out of control. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. Here is why. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the firs
Foreign competition for treasuries. When you add in the 700 billion next year, we think that the recipe for a steeper curve. Is it likely the curve ends steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the first of the year.
Is it likely the curve ends steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. The yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If they were to correct, they would go back down. I want to see them stay there after the first of the year. Jonathan joining me in new york city is greg peters, george goncalves, plus matt toms. Thank you very much for giving us your
The reality is this curve should stephen steepen because of less foreign competition for treasuries. When you add in the 700 billion next year, we think that the recipe for a steeper curve. Is it likely the curve ends next year steeper than it is currently . Highly unlikely unless the fed puts the rate hikes on ice or starts to ease. Very unlikely scenario. Very much likely contining to flatten. In that environment we paint strong growth. Inflation maybe ticks up a little bit. Does not get out of control, so the yield curve continues to flatten. Critically, it does not invert. Im worried about it, too. I think we need to watch it. The 10year treasury, high 230s is meaningful. The history of inversions is such that it is tending to be a reliable forward indicator of recession. Whatever you think about the way the world is supposed to work, it does not work that way in the last two weeks of the year. Yes, yields have been going up. I think its a function of very Strong Equity markets. If
This morning of course, our last trading day of the year. Speaking of 2017, it has been a blowout year for technology. The nasdaq gaining roughly 30 the index on pace for its sixth straight positive year in a row, the fifth time since 1980. Bertha coombs is at the nasdaq and she has more for us. Bertha david, as mark twain put it, history doesnt repeat, but it often rhymes, and thats certainly true with the nasdaq 100. The big caps up for the ninth Straight Year in a row, the longest annual streak for the index since the big tech breakout of the 1990s. These four mega caps, you know them, apple, microsoft, amazon, theyve made the biggest impact in terms of the upside gains for the s p 500, overall market, and when you add in alphabet, they actually account for twothirds of the nasdaq 100s 15point gain this year microsoft benefiting from its shift to Cloud Technologies is up for the sixth Straight Year, thats its best straight winning streak since the launch of windows in the mid 90s, a