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ILCB - What's Bugging This Market? Record Highs And No Celebrations
iShares Morningstar U.S. Equity ETF
A series of new all-time index highs but no popping of corks.
A flight to safety goes on under the surface - a 1.25% yield on the 10-year Treasury July 7, coupled with a "risk-off" 7% drop in the Russell 2K since July 1.
Are we headed for an economic slowdown or recession? This question makes for riveting television and media speculation. Does it make sense?