U.S. Payrolls Report Pushes U. S. Treasury Yields Higher and Increases Talk of Fed Tapering

Equities: ▶ U.S. Equities: By our measures the U.S. equity markets remain significantly overvalued as they continue to hover around all-time highs which is indicative of lower expected returns on average over the longer-term. While Fed Chair Powell indicated at the June FOMC meeting that the time...