[quote=paramount]Are we really seeing weakness in the bond market?
That could be a bad sign, right?[/quote]
Unlikely. The general trend for the last 8 months has been down, off about 6-7% in that time. But it’s been coincident to a 20-30% rise in equity indexes over the same time frame. There was a small short term drop at the beginning of the month, but 1/3 of that has disappeared over the last week.
If bonds, US equities and the dollar all make significant downward moves at the same time, that would be a bad sign.
American big business is booming, for all except those who do the work to make it happen.
