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Tag: tbill
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Psychology, Economic Activity and Prices
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The Fog of Volatility
The 10yr/T-bill spread is telling a different story than the media….
“Davidson” submits:
Equity prices have a long history of rising on positive surprises. Many believe markets to be an ‘efficient’ pricing mechanism of all that is known and unknown. If they believe this, then it is surprising that they are willing to pay more for unexpected positive news.
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S&P vs T-Bill/10yr Rate Spread Update
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“Davidson” On 2017
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