“We’ve been writing and talking to clients about this notion of bonds and stocks within this pocket of time, going down together, being correlated together. We’ve seen that rates go lower, stocks move higher on Friday. We’ve now seen rates moving higher, stocks moving lower as we reprice to a higher rate structure, in particular, long in real yields.”

Get your updates each week with Gregory Faranello, CFA–Head of U.S. Rates at AmeriVet Securities.