Good morning … Having little to add as INDU leaning into it’s longest losing streak since 2018 AND value underperforming now relative to growthy stocks at a rate not seen since 2000 / 01 (think dot BOMB levels and see visual below), I think I’ll stop thinking too much here ahead of ReSale TALES and lead with a story from BBG … this story details a ‘yield call’ i’ve not yet seen so far as professionals throw 2025 darts at the board …
10Y 6% doesnt look so bold anymore tbh