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This needs to be compared to how much was (or was not) invested in bond and money markets compared to previous years. With everyone expecting rates to rise and
by senko 5y ago
This needs to be compared to how much was (or was not) invested in bond and money markets compared to previous years.
With everyone expecting rates to rise and seeing the inflationary pressure, it makes sense people choose stocks over bonds or cash equivalents.
- anm89 5y agoThis is the right answer. Bond markets are WAY bigger than equities markets and these figures represent a small preference shift out of bonds and into equities. If anything it tells me that these valuations could go a lot higher. And ironically its self perpetuating because if it crashes, rates will just be further suppressed reinforcing the move.