Why is the Stock Market Up? Or Down?
There are countless theories, but one that resonates in recent years is linked to what I refer to as the new abnormal. This is the positive connection between the stock market and the implied inflation forecast via the yield spread between the 10-year Treasury Note and its inflation-indexed counterpart. In the grand scheme of economic [...] View the full post at: Why is the Stock Market Up? Or Down? Related posts: Stock Market: Reassessing Fairy Tales Is the Stock Market’s Current Valuation Low? China slashes trading costs to boost stock market
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