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MCD moves opposite to yields, Thomas Lee notes

MCD moves opposite to yields, Thomas Lee notes
MCD weak as yields rise

Thomas Lee comments on the interesting observation that MCD appears to be negatively correlated to yields.

He expresses uncertainty about the reason behind this relationship but finds the correlation noteworthy.

Lee has recently reported that ETH outperformed SPY by 6,519 basis points in the third quarter. In another analysis, he argued that raising rates as inflation slows may be a policy mistake. His latest comments add to ongoing observations on asset behavior in the current rate environment.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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