John Rubino's Substack

John Rubino’s Substack

Weekly Portfolio Update, October 22 2023

Interest rates spike, things start to break

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John Rubino
Oct 22, 2023
∙ Paid

Last week, the “Interest rates will rise till something breaks” story began to come true.

10-year Treasury yields briefly touched 5%:

Stocks — including formerly impervious Big Tech — got smacked:

And real estate continued to roll over — which is finally making our homebuilder short positions profitable.

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