WTF Chart Of The Day: Bonds Ain’t Buying It

Presented with little comment aside to ask (rhetorically), why – amid the unknown parameters of what appears to be escalating into a global pandemic, and ongoing weakness in economic data despite the ‘trade deal’ – are stocks soarng to record highs as bond yields collapse to 3-month lows?

Source: Bloomberg

Fun-durr-mentals don’t matter…

Source: Bloomberg

This seemed to sum up stocks investors attitude perfectly…

Investors feel the same way: “I am a disciplined buyer…” 👇 pic.twitter.com/BPwg3dF7Hs

— Bosco (@wboscoho) January 24, 2020