Disasters like fifty percent less than they expected an i phone ten we did note that i remember tweeting from an apple store before christmas so there was nobody at all at the i phone ten basque and i noted that that doesnt look very good i was surprised when eighty seven you had the masking effect of so called portfolio insurance so the market was trading well above its real fundamental value thanks to the aid of derivatives here youve got the market trading at these extraordinary levels thanks to the eight of stock repurchases fueled by zero percent money so if you start taking that away and its trying to go up then apple could clearly drop thirty forty percent well if you look at the chart of history rhymes or even repeats it looks like we could have another few moments of these ever rising stock prices so all those millennial that we cover diving in via their schwab and t. D. Ameritrade a key. Could ever another few months and then they could have a sort of october november surpris
Euro zone bond yields rose
on Monday, in a small reversal of the previous week s declines
when a string of meetings by major central banks gave investors
greater confidence that interest rate cuts.
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"It's hard to see yields going much lower and the balance of risks is still to the upside." Global bond yields, which move inversely to prices, have fallen sharply since hitting multi-year highs last year, with falling inflation raising hopes that central banks might soon stop hiking interest rates. They've rebounded somewhat in the last two weeks, thanks to strong economic data and central bank officials pushing back against that narrative.