US Stocks and European Bonds are two bull markets
​Note that not all stocks are bullish, nor all bunds, but the charts are clear that these two markets in the US and Europe respectively are both having clear bull runs.Â
Will both continue? We see no reason why not, because of an exceptional set of slow-moving economic circumstances.
Until global growth picks up more uniformly with of some degree of inflation that requires tightening by many more Central Banks (than just the Fed) we cannot see an end to this unusual phenomenon.
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