LC Investment Playbook Weekly Update

‍Charts of the Week

• US May CPI - Still sticky beneath the surface
• Will The Equity Rally Broaden?
• Equities Volatility Falls To Pre-Pandemic Levels
• Equities Earnings Yield Drops Below That Of Bonds
• Stress At The Edges
• Will Markets Have A Liquidity Crunch?

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‍LC Views

• A summary of our team's views on Rates, Credit, Equities, Currencies, Commodities and Real Estate.