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By Brian Levitt
Linus Van Pelt: "Life is difficult, isn't it, Charlie Brown?"Charlie Brown: "Yes, it is, but I've developed a new philosophy. I only dread one day at a time."
Our favorite blockhead may dread each
Above The Noise: Putting Pessimism In Perspective
Summary
- High yield bond spreads indicate that the market is optimistic about the chances that the US will avoid a recession.
- US production of 13.4 million barrels of oil per day may provide a buffer against any shocks from the Israel-Iran war.
- Bond market expectations for long-term inflation remain stable, suggesting tariffs may only cause a short-term price shock.
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