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Commentaries — September 25, 1998

A New Era in the Relationship Between Stocks and Bonds? Part 2: Who Is Behind This Change? Traditional fundamentals and economic indicators are having little effect in the bond market. This change is due to the recent surge of speculation in bonds based on movements of the stock market. Simply the stock market is now… Continue reading Untitled

Open A New Era in the Relationship Between Stocks and Bonds?
Part 2: Who Is Behind This Change?
Traditional fundamentals and economic indicators are having little effect in the bond market. This change is due to the recent surge of speculation in bonds based on movements of the stock market. Simply the stock market is now the most important indicator as the “wealth effect” is now the primary driver of the bond market.