Bonds Are from Venus, Stocks Are from Mars

(1) Bond yields showing signs of gravitational pull, while stock prices are on verge of escape velocity. (2) Mixed message from bond market. (3) Latest relief rally led by cyclical stocks (again). (4) Are stocks discounting a “peace dividend?” We think so. (5) The next recession could start on Election Day 2020, or not. (6) Q1 seasonality may still be an issue. (7) Commodity prices set for lift-off, maybe. (8) Forward earnings starting to look skyward. (9) MMT combines fiscal and monetary policies to take care of old people. (10) Is the bond market looking forward to AOC’s greener pastures with fewer humans? (11) Movie review: “Hotel Mumbai” (+ +).