Daily Market Commentary

February 18, 2021

Stocks & Bonds
After the blistering selloff in Treasury bond markets this week, some investors are calling timeout on short positions and bets for steeper yield curves.

Applications for U.S. state unemployment insurance jumped to a four-week high, indicating the labor market is suffering fresh setbacks even as the coronavirus pandemic shows signs of ebbing.

With both headline as well as core producer prices in the economy surging by the most on record in January and retail sales jumping about five times as much as expected, fears about price pressures are creeping up.

The information represented herein was obtained from various sources, which we believe to be reliable. Neither the information presented nor opinions expressed constitutes an offer to buy or sell any security. And it is not intended to guide the investor on which securities to buy, or when to buy or sell.

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