There are not many "deals" in equities but a lot "on sale" in bonds, says Matt Miskin. He discusses the takeaways from Jerome Powell's speech. Powell says that ongoing rate increasing will be appropriate to bring inflation down. Matt also talks about how investment grade corporate bonds have dropped as much as 85 cents on the dollar. He then goes over how yields in the 5-6% range represent the best income in over a decade. Tune in to find out more about the stock market today.
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