"an English strategist moved back to London with a wife from New York; after three years someone asked the wife “what’s the best thing about living in London?” The wife replied “Paris.” And what’s the best thing about stocks in ’23? Bonds"
BofA's Hartnett
The 2y10y Treasury yield curve inversion continues to deepen, with the 2-Yr yield approaching its highs of the cycle on expectations of a higher for longer rate regime. Meanwhile the 10-Yr yield is being pushed down by concerns over slowing global growth.
PPI came in above est on both headline (7.4% vs 7.2% est) & core (6.2% vs 5.9% est). Still falling quickly on a y/y basis, but upside surprises don't bode well for upcoming CPI prints.
Three years after Kyrie Irving ditched the “young guys” to partner with Kevin Durant in Brooklyn, Celtics sweep the Nets out of the first round of the playoffs.
If the Knicks are in the playoffs, and the Nets DON’T win the Finals, @KDTrey5 and @KyrieIrving will regret the day they PASSED on becoming a New York Knick!
More than a third of all Senate-confirmed civilian positions at the Pentagon are now vacant or filled by temporary officials... out of 60 senior positions, 21 lack permanent appointees. Thirteen of those positions have no nominee identified. politico.com/news/2020/03/06…
"This string of sentences is like an onion of stupidity, and peeling back each layer revealed even more stupidity lying beneath." nymag.com/intelligencer/2020… via @jonathanchait
🏀 Tracy McGrady offered his thoughts on Kyrie Irving's upcoming free agency and indicated that staying with the #Celtics might be the best move for his career 👀
nbcsports.com/boston/celtics…
These young people want to take action and make a change. Through the #CommunityLeadership Corps in Chicago and Hartford, we’re going to help them see it through: