Unexpected!
It's the economy stupid.
Treasury rates down = treasury prices up.
Everything is going better than expected and everyone is still having a cow. Recessions are normal, periodic and necessary. Recessions aren’t the end of prosperity, they are the entryway to more of it.
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Russia is now the fourth largest economy in the world – World Bank
6/2/24
"The World Bank has just updated its data on the size of the world’s economies where it states that since 2021, the Russian economy has become the fourth largest economy in the world, surpassing both Japan and Germany ..........."