Downshift in the sentiment. The one thing that has not rallied in this everything rally are long dated bond prices. Investors have been positioning for continued divergence in that correlation. Yields are much higher than they were 48 hours ago. We have had some better data recently. Inflation data did see a reversal of some of the weakness. The fed has gotten dovish. It is not just the fed. The ecb remains on this dovish stance. Its a pretty positive environment for yields. We have seen an astronomical amount of money pouring in, and it is not in short dated treasuries, it is an longer dated. One of the most credit trades in the market is high quality duration. If you look at yield curves you , may be better off at the short end of the curve. If you get yields higher and equities higher, that is the pain trade. Jonathan joining me around the table here in new york to discuss is Mike Schumacher, kathy jones, and matthew hornbach. Kathy, lets begin with you. Maybe the biggest risk is th
Looking for. Mp analyststhe bu are looking for. Whats next for apple . What next headed overhaul to induced demand. This was the 10th anniversary phone, and once demand is exhausted for this one, there will be much left. It may be a while before we see 1 trillion, but it is headed in that direction. Brightervices was a spot, growth up 24 , accelerated from 22 in june, 2017. The big other surprise yesterday was mainly china, it grew 12 . China has lagged. It wasnt just the focus on expectations for the iphone x. Services in china, they are performing. Apple has a lot to smile about last night. Shery it did. It lasted away expectations a lot of fun a lot of fronts. Mac sales are up, i revenue growing 5 and products like the watch and the air pods cover the headphones that can be annoying when you break them or lose them, that revenue was up 36 . Also research and development spending, thats a 17 in three months to 3 billion. Apple is not resting on its laurels, in terms of r d. It wants