Phil, Mike, and Larry talk about how after a better-than-expected jobs report, the yield on the 10-year U.S. Treasury bond climbed to 4.8%, its highest level in more than two years. This followed a week which saw bonds sell-off on fears that Trump’s policy proposals of tariffs, lower taxes, and mass deportations could spark a rebound in inflation and recreate the market seen in 2022, when stocks and bonds fell together. They then discuss the dollar surging and pushing the Euro to its lowest value since November 2023, what this will do to the Fed’s thinking on interest rates, and if this is good for the stock market.

Submit your questions to [email protected]

As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.