'Life In The Fast Lane': Citadel Macro Guru Says Markets Are Underpricing US Growth

Authored by Frank Flight via Citadel Securities,

Markets appear to be underpricing US growth, particularly relative to Europe. This is most apparent in the valuation of 10y rates both outright and cross market. We continue to think risks to the US labor market are overstated and see upside risk to this week’s US employment data.