Treasuries Have Been Volatile. They Could Settle in the ‘Goldilocks’ Zone.
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The X factor will be any signals about a possible recession. Driving volatility in stocks and Treasuries will be key data that will either confirm a soft landing or warn about a potential contraction in the economy, like the July jobs report did. Jimmy Chang, chief investment officer of Rockefeller Global Family Office said he likes energy names and communications services for this period.