Did you see the 10 yr. closed at 5.11%? I agree about stagflation, I think we’re in it now despite what the PMI’s say. Whatever is growing is in a very small segment of the economy. You talked about insurance, not long from now people will be dropping their insurance in favor of food. JMHO.
Also agree, there’s no peace coming. When Trump talks about annihilating Iran, he means it literally. The only way he does that is with nukes, or as you say, smaller scale nukes. I believe if he had the available missiles, drones, weaponry, he’d be lighting up Iran right now, but I think we’re about out.
15 bips is a big move in the bond market, if it continues, something is cracking. Makes me wonder about the recent bank stock weakness.