Inflation data was encouraging, but not enough to stop ECB from hiking, notes Michelle Gibley. She and Collin Martin discuss the takeaways from the latest economic data. Michelle mentions that the global manufacturing recession continues, except in Japan, and it's possible Japan is finally leaving behind deflation that plagued it for so long. They talk about why investors should look to Japan for opportunities. Collin highlights that treasury volatility will remain elevated, and most yields are to remain rangebound. They then go over how investors can take advantage of bonds. Tune in to find out more about the stock market today.
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