We have not seen such an extreme disconnect between price and value since the late 1990s at the height of the tech and telecom bubble.
Davis New York Venture Fund Annual Review 2021—Davis Advisors
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A Drunk Man in the Snow: The Random Walk of Interest Rates—Guggenheim Investments
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Investors’ reach for yield puts downward pressure on 10-year Treasury rates, likely rendering the current yield unsustainable.

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Our positive 2021 economic outlook, combined with better-than-expected company fundamentals, supports strong credit performance and spreads.


What’s the Value of a Dollar?—BlackRock
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Rick Rieder and team think that today’s potent policy cocktail holds key implications for economic growth, markets and the value of a dollar.