Major stock market indexes continue to march higher, negating any fears of a slowing economy or otherwise.
Although the yield curve got out of its inverted state, low bond yields still suggest economic weakness, as seen in the IMF’s lowered 2019 global forecast to 3.3%.
The positively sloped yield curve boosted bank stocks (XLF) since the inversion. Much of the pop in yields came on Friday on the news of strong credit growth in China.
Our energy, commodities, country funds, and consumer staples open ETF positions have all done well because of this.
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