Stocks Stayed Flat as Bond Yields Exploded. Something Doesn't Add Up

When bonds and stocks disagree sharply, as on this day's 5.21% 10-year yield spike, trust the bond market's signal.

• Yields vs. equities diverge: 10-year yield hit 5.21% and 30-year neared 5.5% (highest since 2004) while S&P closed roughly flat, a divergence Zach Abraham calls historically rare.
• Middle East rumor discounted: Abraham attributes the equity calm to unconfirmed talk of US-Iran talks/a deal, but says Iranian officials denied readiness to negotiate, making the rally look mispriced.

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.