bearish
Is Bear Market over? Probably not
SUMMARY
- June: another painful month. The first half of June has been very tough. When markets understood that a 75 bps rate hikes was coming, they quickly reacted and the result has been a new sell-off.
- The S&P 500 officially entered into bear market.
- At the beginning, the 10-year Treasury Yield rose at a level close to 3.5%, but then it quickly went down:
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