A Bid For Bonds Appears
The most difficult dynamic has been that the long bond has been even worse that stocks. Purple is SPY, blue is the US long bond (TLT), the past 3 months.
But now: the long bond has a bid, as a safe haven, maybe.
a. This is the point of the Crypto Crash video. There are OTHER sources of risk, which ‘might’ have driven people for the ultimate safe haven: the US government.
b. Some re-allocation, on a far larger scale, could be occurring.
The implications of this large, in that the allocations among asset classes could notably shift for the remainder of the year. The stable continues to outperform by a very long distance.