BofAML: “Warning: If US Rates Market Is Right, Everything Else Is Mispriced”

BofAML: “Warning: If US Rates Market Is Right, Everything Else Is Mispriced”

There's been no shortage of discussion about the extent to which bonds are saying something completely different about the outlook than stocks. Indeed, the following chart (or some variation of it) has become ubiquitous of late: And while a lower dollar and falling yields have helped fuel carry trades, BofAML is out on Tuesday warning that if the US rates market is indeed correct, virtually everything else is mispriced - including, and especially, stocks.. Via BofAML Internal inconsistenc
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One thought on “BofAML: “Warning: If US Rates Market Is Right, Everything Else Is Mispriced”

  1. No kidding. And when we see the lid on GDP growth induced by wealth distribution and entitlement growth in conjunction with low productivity it will all reprice.

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