The ‘Happy Place’

The ‘Happy Place’

"It's almost as if it just can't get any better than this," one strategist told Bloomberg Friday, after a week that found stocks and bonds rallying together. Gold also logged a weekly gain. A widely followed investment grade credit product managed a fourth straight weekly advance despite a Friday slump. Commodities rose ~3%. You might call it the return of the "everything rally." We've seen these before. What's particularly notable right now is bonds' resiliency in the face of scorching US eco
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