Rising bond yields despite falling inflation and macro momentum signals worst-case scenario. Many investors lack recession experience, leading to a warped understanding of risk.
It cannot also just be weird flows in thin markets currently. But I dislike when bond yields trade UP, when macro surprises are clearly SOFT — Andreas Steno Larsen (@AndreasSteno) December 23, 2024 Excellent read. Too many investors today have never lived through hard times or a recession thus their understanding of “risk” is completely …