Investors active today have never personally experienced an environment like this. That creates a serious risk of errors.
The prospect of higher interest rates is bad news for the ultimate shiny yellow zero-coupon long-duration asset.
A year ago, when the index began its climb, no one could possibly have concluded that the worst of the pandemic was over.
The recent turbulence has spurred a revival for active fund managers.
Stocks are more concerned about a rise in yields, though a repeat of the taper tantrum looks to have been avoided.
There’s no room left for doubt that a major shift is under way.
Epochal shifts can be difficult to spot in real time, but the signs are there.
Real yields have stayed anchored despite a surge in inflation expectations. Are investors right?
Traders putting on the short squeeze are engaged in an anger-driven uprising against the establishment.