...and we know what happened in 2000.
The Ratio of Emerging Markets to US Equities is now at an all-time low, breaking below the prior low from March 1999.
https://x.com/charliebilello/status/1872366773812773262
This isn’t good For the first time ever 100bps of rate cuts raised 10Y yields by 100bps
https://x.com/burrytracker/status/1872324420322394509
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