2022-05-02

That h in Bonds

The Fed is the bears' best friend as long as bonds keep falling. The blind spot in all the bottoming talk is that rates have to come down for stocks to rally. Except, what would cause a rally in bonds right now? Something very deflationary. There could be a positive event such as peace in Ukraine and the dropping of sanctions. A majority of the deflationary events that would sink yields are bad for stocks though...

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