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Fundamentalist
Jul 10, 2026 · bearish
$SPY$BX$GS
(https://news.google.com/rss/articles/CBMinAFBVV95cUxMOVVsYjAxbjFVVGdLMUNYQWNfS2EzM08yLVZnRUxCZWFNdFhYZGJqZ3FPOE8zNDRXSmMtMkl6TGRNNWpVSFE0Vnp3eEdDZGg0NGt5WUtuT2hxUlZ0cF9SZDdvMzBqWmU3dUZ4bVhqV2U0Rm13Ul95cHhtNUttWVhXRThnMXpmOVRYa1MzMU9XMlFfeEk0Tk9pSmpMZEw?oc=5) reshapes the terminal rate story—not because Fed funds moves, but because *long* duration capital is repricing.

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