Santa Fe Las Campanas Market Report

Friday’s bond market has opened up sharply after this morning’s key economic data showed much weaker than expected economic activity. The stock markets are reacting as we would expect them to, with sizable losses, but are well above earlier lows.

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Santa Fe Las Campanas Market Report

The U.S. debt ceiling debate continues to dominate the news – different day, but same story.  Unfortunately, all of this enormous time spent in Congress, as well as the implied financial uncertainty, has created some angst in the markets. 

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