SH - Stocks And Bonds Unlikely To Keep Rising Together
It's not just stocks: bonds and commodities are up this year as well. Russ discusses whether that can continue.
Suddenly, 2018 is looking like a bad dream. Financial markets have been magically transported back to the halcyon days of early 2017, when stocks, bonds and just about everything else rose in peaceful unison (see Chart 1).
That stocks have had a spectacular start to the year is well-known. What is less remarked on is how well defensive assets have performed: Gold is up approximately 2.5%, and a broad index of U.S. bonds is up about