Long-Term Stock to Bond Ratio

The Dow Jones Indsustrial Average peaked in 2018 versus the 30-year bond. The Nasdaq (Nasdaq 100 in the chart below) has gone much higher. Highlights the divergence in performance. Also, moving forward the Dow and Nasdaq will resolve in a similar manner, but the Dow chart looks kind of bullish. Dow beating Nasdaq and bonds would likely accompany tumbling bond prices and higher inflation in coming years.