Bonds, Stocks & the Latest Recession Scare

(1) Some irony in the bond yield’s recent drop. (2) The curse of the yield-curve curse. (3) Explaining the divergence between bond yield and nominal GDP growth with the help of the Bond Vigilante Model. (4) The Dow Vigilantes saddle up. (5) No recession signal yet in official yield-curve spread. (6) Inflation is moderating. (7) US bonds mighty attractive compared to comparable foreign alternatives. (8) Seeing eye-to-eye with Leon Cooperman on algos. (9) Transportation indicators remain robust, as does M-PMI.