MBS RECAP: Surprise Snowball Rally as Stocks Swoon Over Global Risks
Surprise Snowball Rally as Stocks Swoon Over Global Risks
When it comes to stocks vs bonds, pundits generally give too much credit to one side for movement in the other. In fact, on days with big movement in both markets, it’s not uncommon to see stock people blaming the bond market and bond people blaming the stock market. In today’s case, the bond rally wasn’t even in the same league as the bond sell-off, and the latter was clearly the flag-bearer for…
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