Is acting like everything is fine. Which market is wrong? Bond markets are math. They are never wrong. I repeat, there are two things that never lie, yoga pants and the bond market.
Flows into cash money market investments are strong. Very strong. That’s a sign. I think bonds are telling the truth about what the economy is facing. A hilariously unqualified Treasury leadership and lack of faith in the USD.
Bond market is signaling something broke, we just haven’t found the body yet.
How do we protect ourselves? How do we reduce risk?
AI optimism and strong earnings are the reason for the stock market resilience, IMO.
Good luck everyone.
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