I couldn’t stay away from interest rates for too long. Last week was very fascinating. There was a lot of news that should have been quite bearish for long-term bonds but instead, yields moved down by about 5 basis points for the week for the 10-year Treasury note.
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I received a memo from a very successful real estate developer and investor whose expertise is industrial properties. He produced a thoughtful memo as to why now is the time to take a pause from investing for fear that investor euphoria is elevated and there are unsustainable macro trends that pose a great risk to investors.