Quick heads up here.
Last week we started talking about this odd divergence in the market. “Risk” assets, like stocks, have been surging like crazy. But “Anti-Risk” assets, like Treasuries have been holding up as well.
It’s a curious conundrum, and nobody has a great explanation for what’s up.
And it persists! Today the market is almost surging, with the Dow up around 100.
10-year Treasury rates?
Maybe some nervousness about a slowdown creeping back in?