The Bond Market Isn't Buying The Bounce.
For all the green on the stock screens, the bond market barely budged.
The Story
For all the green on the stock screens, the bond market barely budged. The 10-year Treasury yield sat near 4.54% — right where Wednesday's hot inflation print left it. Stocks rallied; bonds shrugged.
What This Means For The Book
When stocks and bonds disagree, I tend to side with the bond market — it's the adult in the room. The message is consistent: rates stay higher for longer, and that keeps a ceiling on the most expensive growth names even on a big up day. I'm letting the bond market set the tone, not the rebound.
Themes & Tickers In This Article
- ThemeFixed Income
Symbols are listed for reference. Not a recommendation. See Capital Wealth Model Portfolios for current allocations.
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