Behold: The “Trump Trade Fade” In 2 Charts

Behold: The “Trump Trade Fade” In 2 Charts

Suddenly everyone cares about those cross-asset correlations I've been harping on since the election. Just about all I've seen headed into Tuesday's Trump speech is commentary regarding the apparent disconnect in what bonds are saying and what stocks are saying. Of course this is a theme that's been playing out for a while now. It's been readily apparent since... oh, I don't know... let's call it mid-December, that one leg (equities) of the reflation trinity has been acting differently than th
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