via @TaviCosta:
How are we supposed to believe in this S&P 500 rally when 2-year yields continue to fall? The idea of rate-cuts when it’s late in the cycle has never been a bullish sign.

via @TaviCosta:
How are we supposed to believe in this S&P 500 rally when 2-year yields continue to fall? The idea of rate-cuts when it’s late in the cycle has never been a bullish sign.