One of these things is not like the other…
The 30Y Yield just dropped back below 3.00% once again and 10Y is back at February lows – what happens next?
Despite the exuberance of hope, protection is heavily bid…
And if Utility stocks’ demand is anything to go by, bond yields have a long way to fall…
Finally – absent the hope-strewn soft-survey data, ‘hard’ data has decidedly deteriorated…
So who’s right? Stocks… or VIX and Bonds and Real macro data?
Also published on Medium.
