The Bond Market Is Screaming. Why Aren’t Stocks Listening?
Bonds are panicking, stocks are not
Bonds are flashing panic. Stocks are still acting as if this is a growth story. The 10-year looks stretched, MOVE has exploded, and bond books face a VaR shock. Yet SPX has barely blinked. The question is whether this stays a bond-market event or forces equities to catch up.