@coloradotravis thoughts on this today? 
One thing I find very confusing: yesterday, stocks were down because yields were up. Today, stocks are down because yields are down.
Huh?
Huh?
So I, perpetually confused by the bond market, understand that if yields are up, bond prices are down. So TLT for example goes down.
I get that with higher yields the search for yield calms and there’s less pressure to own growth stocks, so stocks go down.
I get that with higher yields the search for yield calms and there’s less pressure to own growth stocks, so stocks go down.
But then I am a little confused by the implications for a portfolio where stocks go up during risk on and bonds go up during risk off. I guess people go to cash because yields are up?
Yet the whole idea is now that yields are up people want more bonds?
Yet the whole idea is now that yields are up people want more bonds?
So for yields to be up the bond price has to be down... but then this makes people leave stocks for cash on day 1 and the very next day put them into bonds on day 2?
Or are stocks just down due to the fear over not being able to predict interest rates? Topping and then reversing shows instability and unpredictability?
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