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Quadratic Interest Rate Volatility and Inflation Hedge
This week, Adam D. Koós discusses:
The entry into the seasonably weakest quarter in the stock market and how July tends to be the best of this three-month period.
How the stock market has been resilient, but that the majority of stocks are not "participating" in the rally, which is a negative sign.
On a monthly basis, the market closed above an important line in the sand, but there is an opposing negative force in momentum, which has been diverging to the downside since early-2018.
On an ultra-long-term basis, bonds are still at the top