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Recession In Name Only (RINO) Market

Lee Munson has recently exited his 10-year and 30-year bond positions. Discussing why, he thinks the run up in long-term yields was a good buying opportunity vs short-term bonds, and is harvesting gains. He expects a “RINO” (Recession In Name Only) market in 2025, saying that the Fed has no impetus to continue to cut interest rates as the market wants unless there are economic issues.

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30 Sep 2024

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