The “Stealth” Bear Market

The “Stealth” Bear Market A very poor 2022 start for equities, off to their poorest start since 2011.  Fixed income markets  are faring no better with the 10-Year Treasury up 26 basis points since New Year’s Eve (1.77% vs. 1.515)(Bond prices fall when yields rise).  In addition, the yield curve continues to flatten (short-term rates […]