This 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.

This 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.