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America's Greatest Bull Market Rages on Against the Dying Light (With A Nod To The Powell Put)

Its my sense the markets are still being impacted by the shift signaled by last winter's Powell Put. This quote provides an explanation for the way they have been performing recently....
Barclays Plc strategists Ajay Rajadhyaksha and Michael Gavin are among those unconcerned by the mixed signals given off by markets. They see no disconnect between ultra-low yields and resurgent stocks, saying it’s a readjustment of what investors believe the long-term neutral policy rates will be.

“We expect risk assets to remain resilient as long as relative valuations strongly favor equities over bonds,” they wrote this week.
https://finance.yahoo.com/news/americas-greatest-bull-market-rages-201613919.html

https://www.mutualfundobserver.com/discuss/discussion/47779/the-powell-put-revisited#latest

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