The shorter end of the U.S. yield curve is holding a fairly nice firm tone.

I think for the medium-to-shorter hitters, we need those fairways to be firm.

The yield curve is a really powerful indicator. It always has been. The shape of the curve still matters.

The market reacted exactly the way they wanted it to, which was to flatten the yield curve. I think the point is clear: Policy makers are going to do whatever they can to help the Fed. The rate cuts that the Fed is putting through are only hitting the short curve; they're only psychological.

I think the message in this inverted yield curve is muddled. I think it is something to watch and to understand better. But I am not overly concerned.

The nice thing is they both throw five pitches. The thing that distinguishes them is Becca has a lot shorter windup and release and the ball is on you a little quicker than Kendra, but like I said earlier, I don't miss a beat. I could throw either of them at any time and feel comfortable.