Running the Gauntlet!

Hosts argue bonds are a cheap hedge and energy's S&P weight could triple as passive flows distort credit and volatility markets.

• Hawkish Fed shock: Warsh hiked and came out hawkish, triggering a ~15bp bond/stock selloff post-presser then a 5-8bp Thursday rally; MOVE index spiked.
• Earnings vs. price disconnect: Bank of America posted 33% earnings growth and the stock finished flat, illustrating that at current valuations earnings prints barely move prices.

Themes, sentiment and reasons are AI-written paraphrases, checked so they never quote an episode. They may contain errors. Not investment advice. Episodes remain the property of their creators.