Part 2/8:
The episode begins with a light-hearted exchange about Elizabeth's disappointment as her beloved Green Bay Packers fell to the Philadelphia Eagles. However, the conversation soon pivots to a more serious topic: the recent market selloff. Elizabeth mentions how the market seems to be reacting to the movements in interest rates, observing the widening spread between two-year and ten-year treasuries as one of the steepest seen since 2022. This steepening, she notes, can often signal a warning for market participants, referencing previous trends discussed in other conversations regarding market reactions.