This entire market meltdown has been based off of a flawed premise. We income investors must take advantage of it, before sanity returns to the markets. The 10-year Treasury yield soared above 5%. On its journey to the stars the higher 10-year has clipped equities severely along the way. A high benchmark rate upsets every applecart in finance. But here’s the thing. This is not a sustainable move. Inflation isn’t really in a spiral higher. In fact, it’s the opposite. Core PCE (personal consumer expenditures)—the Federal Reserve’s preferred measure of inflation—is dropping like a rock: Fed’s Preferred Inflation Measure is Dropping Fast Note, this excludes food and energy prices.… Read more