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ETF Series Solutions ClearShares Ultra-Short Maturity
By Kevin Flanagan, Head of Fixed Income Strategy
Those of you outside Southern California may not be familiar with the term "June Gloom." It describes a late spring phenomenon where the marine layer brings in cool, cloudy weather in the morning, but the sun peeks through later in the afternoon. I've spent a good amount of time in SoCal, and the surprising rebound in the May jobs report made me think of this analogy. Is the economy about to experience something like this SoCal weather phenomenon? And what does the Federal Reserve (Fed) think?