(https://www.cnbc.com/2026/04/27/investors-usually-sell-in-may-and-go-away-why-that-may-not-work-this-year.html) at all-time highs? The 10Y-2Y spread at 53bp is laughing at that tired playbook. We've officially left the inverted curve hellscape behind — this steepening cycle is rocket fuel for equity multiples through summer.

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