Nice job as usual David. The bond market is trying to tell us something now. Since early November, it has completely abandoned the usual inverse relationship with stocks.
Generally I trust the bond market to be wiser than the stock market. A lot of dumb money is going to pile into stocks towards year end, I suspect.
Thursday Outlook: Commodities, Emerging Markets [View article]
Generally I trust the bond market to be wiser than the stock market. A lot of dumb money is going to pile into stocks towards year end, I suspect.