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Recession Playbook In Action: Cooling Labor Market Triggers Rally In Treasuries, Gold; Stocks Decline

Recent economic data has prompted investors to hedge against the rising likelihood of a recession.  In February 2023, there were 9.9 million job openings, which was the lowest level since May 2021 and below market estimates of 10.4 million, suggesting that the labor market may have begun to weaken. 

$XLM

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Friday’s ETF Winner and Loser: Large-Cap Returns

As the first quarter of 2023 comes to a close, the markets had another green day. Investors seem to be satisfied with the way the banking crisis was handled as fears about the near future subside. VIX - often called the fear index - is down 2.16% on the day and over 13% over the last 5 days.

CVX

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Five Economists React to Core PCE Numbers: What Will The Fed Do Next?

Core PCE inflation, the Federal Reserve's preferred gauge of inflation, rose by 4.6% year on year in February 2023, the lowest rate in 15 months and below market expectations of a rise 4.7%. Core PCE prices rose by 0.3% month over month, following a 0.5% surge in January and falling short of market expectations of 0.4%.

TLT