Warsh Press Conference Seen as Hawkish, May Ease Long-Dated Yield Gains

SOLLINDA Capital Management Chief Investment Officer Justin Greensill said the signals from Kevin Warsh's press conference were clearly hawkish and could help ease the recent rise in long-dated bond yields in the short term. According to ChainCatcher, he said it is still unclear how this will affect the stock market, but expects small-cap stocks to underperform large-cap stocks as financial conditions tighten further.