Bond

Asian Stocks Smash Records; Dollar Slides As Crude Surges To July 2015 Highs

Global shares hit another record high on Wednesday, propelled higher by what increasingly more call (ir)rational exuberance, and investors’ unflagging enthusiasm for tech stocks, even as the yield curve continued to flatten. Meanwhile, oil jumped to 2.5 year highs pressuring yields as the dollar slid to a one month low.

Mauldin: It's A Bonfire Of The Absurdities

"...there is a growing number of ridiculous, inane, and otherwise nonsensical absurdities that fill the daily economic headlines... I have gone from the occasional smile to scratching my head now and then to 'WTF' moments several times a week."