Argus

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May 20, 2026

Intermediate Term

Long Term

Summary

For a third consecutive day, the stock market fell while Treasury yields continued to push higher. Yes, it's that simple. The U.S. consumer is already dealing with higher gasoline prices (as spot gas has spiked to $3.67/gallon from just $2.00/gallon less than three months ago), and now has to face higher mortgage rates. A 30-year fixed loan

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