FYI: he outperformance of the recent IPO of Beyond Meat (BYND), even after its secondary announcement, has been well documented over the last several weeks, but have you seen the performance of bonds? The chart below shows the total return of the S&P 500 compared to long-term US Treasuries over the last year. How many times in the last few weeks have you heard about how the rally in stocks has gotten way too far ahead of itself and is reminiscent of the late 1990s? We'll concede that 2019 has been an exceptionally strong year for equities so far, but over the last year, the S&P 500 is up less than 8% on a total return basis. Meanwhile, long-term US Treasuries are up over 14%! That's nearly 80% more than equities. So, if stocks are a bubble what are bonds?
Regards,
Ted
https://www.bespokepremium.com/interactive/posts/think-big-blog/beyond-bonds
