On Global Bond Yields & A Japanese Canary

Global debt markets are in disarray, with Bond Vigilantes driving up yields in various nations—including two that lost their leaders this week, France and Japan. William discusses global investors’ uncertainties regarding both countries as well as how President Trump’s actions have roiled financial markets the world over. … Also, Joe has great news: The S&P 500’s forward earnings have hit record highs for 16 straight weeks now. And participation is broad, with most sectors’ forward earnings—and stock price indexes—around their record highs. Plus, Joe reckons that Q3 earnings should grow y/y for all the sectors but one.