I have written quite a couple pieces over the years about the professional gloom-and-doom crowd, so this is hardly a new subject for me. It came up again recently when I was speaking with some new prospects who seemed permanently plugged into social media accounts predicting the next market crash, recession, currency crisis or financial…
The bond market is sending a signal
The strange thing about this market is that the bond market is starting to look more interesting than the stock market. Long-term Treasury yields surged with the 30-year briefly above 5.30% and the 10-year ending the week at 4.74%. The Treasury responded by doubling its long-bond buybacks. Deutsche Bank described the move, together with the…