In this weekend's edition of Turning Points, the case was made for interest rates being offsides as, among other things, locked capital expecting a dire outcome to the Israel/Iran conflict has obscured the rate picture. While certain sectors will benefit from rates coming down, there has been a tendency for risk assets to decline alongside rates in recent months as investors seem to have moved past inflation risk and are now focused on recession risk. In other words, the threat of a soft landing turning into a hard landing is the primary concern. With that said, those concerns have the potential to be magnified during the weeks ahead as earnings guidance will be erratic and economic data will turn from inflation focused with CPI/PPI out of the way, to economic activity. A mixed picture, at best, emerges under even the best circumstances. Rates decline, rate sensitive sectors benefit, most everything else suffers. The market does the splits. The rotation trade is alive and well. Adjust accordingly.   Zenolytics Turning Points is nearly 500 editions in and only getting better. Find out why institutions and individual investors have come to depend on our service through each and every type of market environment.  Click here for details. Disclaimer This website is for informational purposes only and does not constitute a complete description of our investment advisory services. No information contained on this website constitutes investment advice. This website should not be considered a solicitation, offer or recommendation for the purchase or sale of any securities or other financial products and services discussed herein. Viewers of this website will not be considered clients of T11 Capital Management LLC just by virtue of access to this website. T11 Capital Management LLC only conducts business in jurisdictions where licensed, registered, or where an applicable registration exemption or exclusion exists. Information contained herein is not intended for persons in any jurisdiction where such distribution or use would be contrary to the laws or regulations of that jurisdiction, or which would subject T11 Capital Management LLC to any unintended registration requirements. Visitors to this site should not construe any discussion or information contained herein as personalized advice from T11 Capital Management LLC. Visitors should discuss the personal applicability of the specific products, services, strategies, or issues posted herein with a professional advisor of his or her choosing. Information throughout this site, whether stock quotes, charts, articles, or any other statement or statements regarding capital markets or other financial information, is obtained from sources which we, and our suppliers believe reliable, but we do not warrant or guarantee the timeliness or accuracy of this information. Neither our information providers nor we shall be liable for any errors or inaccuracies, regardless of cause, or the lack of timeliness of, or for any delay or interruption in, the transmission thereof to the user. With respect to information regarding financial performance, nothing on this website should be interpreted as a statement or implication that past results are an indication of future performance....