Will an ‘unsustainable’ rally in stocks and bonds extend a soaring quarter for ‘sleep-easy’ portfolios?
Many often watch the bond market for clues of the economy. The market is looking for where things are going next.
In the first quarter, both stocks and bonds registered double digit gains. This is providing more confusion at a time when the economy is putting out conflicting data.
While nobody knows what is going to happen, most are certain that it is unsustainable. The bond market tends to be more conservative since the investors are mostly institutions. Many use this as the barometer which to make the decision.
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