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Saturday, September 7, 2024

The stock market rally will run out of steam because investors are shifting to risk-off even as inflation expectations ease

Upward moves in longer-dated US Treasurys suggest the stock rally of the last seven weeks may not be sustainable, according to DataTrek Research. In a Thursday note, DataTrek cofounder Nicholas Colas highlighted that 5-year Treasury yields started the year at 3.99%, and have now jumped to 4.17%. That …

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