May 03, 2021
The Case For Lower Bond Yields
“…which way do you want to bet your money, buy stocks/sell bonds or do the other way around?”
Weekly Report
This chart plots total return in SPX divided by total return in 10-year T-bonds since 1990. With the equity/bond ratio at an extreme, which way do you want to bet your money, buy stocks/sell bonds or do the other way around?
