Bond Market To Stock Investors: You People Are A Bunch Of Morons

 

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Henry Blodget

Stock investors are giddy about the impending v-shaped recovery (which, at this point, seems required to drive the stock market higher).

Bond investors, meanwhile, are looking forward and seeing nothing but crap.  Despite trillions of proto-inflationary reserves being pumped into the global economic system, bonds are rallying and rates are dropping.

Why?

Because bond investors aren't buying the v-shaped recovery thing.

Bond Market To Stock Investors: You People Are A Bunch Of Morons