With global GDP expectations plumbing new depths (at 2.48% consensus for 2014)...
...one could understand why it is that 30Y US Treasury yields are at 16-month lows, that Dr.Copper is tumbling, and crude oil prices slumping.
But apart from the fundamentals of global macro strength, what - at almost record highs - does the US equity market know that every other asset class does not...
Charts: Bloomberg


