FYI: My friend Larry McDonald put out a note to subscribers of his Bear Traps Report last night about the “game changer” that has happened in the interplay between bonds and stocks this past week.
He notes that, unlike previous spikes in volatility for the stock market, this time around bonds did not act as a great diversifier, having shown investors a drawdown of their own as yields rose.
Regards,
Ted
http://thereformedbroker.com/2018/02/12/larry-bonds/
