Stocks Are Celebrating-But Bonds Are Screaming
Stocks are celebrating.
Bonds are screaming.
Oil is boiling.
And the American labor market may be running out of gas.
Welcome to one of the strangest economic environments we have experienced in decades.
This week, the stock market once again approached record highs. Investors appear optimistic. Technology companies are rising. Artificial intelligence continues attracting enormous amounts of capital. Corporate earnings expectations remain strong.
If you looked only at the stock market, you might conclude that the American economy is doing beautifully.
But then you look across the street at…
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