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The chart below is included in this week’s Bespoke Report newsletter, which was just sent to Bespoke Premium subscribers. As shown, just when the pundits were telling everybody that interest rates across the treasury curve had nowhere to go but down, treasuries peaked and have since seen one of the steepest drawdowns from a peak on record. Among many of the topics covered in this week’s report was how treasuries and the S&P 500 have performed following prior drawdowns of similar magnitude.
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Have a great weekend!