Two years in a row, the bond market accurately priced in excessive financial risk far ahead of stocks.
Yet, today's gurus are "surprised", because they have no clue that's how markets are supposed to work.
They're not supposed to keep going vertical until they explode. pic.twitter.com/xYoyxQ7i86
— Mac10 (@SuburbanDrone) July 20, 2021
At this rate 10Y will go negative in 2 weeks
— zerohedge (@zerohedge) July 20, 2021
https://twitter.com/leadlagreport/status/1417512151355469825
Carnival is falling apart
**delta variant fears** pic.twitter.com/q5lgIUQ52l
— Alessio (@AlessioTMAD) July 20, 2021
https://twitter.com/Bellehos/status/1417154958957289477
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