Harley: There's no magic here, per se, about something's the wrong price. It's just that rates have moved relatively a lot more then its tokhell. And it's reflected heren your slide on page four, where the vix showing much, much lower equity volatility than bond volatility. Why is the stock market not crashing? Well, i mean, this too is not raccus science. I mean, what's the stock? It's money. Get some day, discount it back to day.
MacroVoices Erik Townsend and Patrick Ceresna welcome Harley Bassman (Convexity Maven) to the show to discuss the relationship between inflation and bond yields, why the stock market has been so resilient in the face of worsening macro data, and much more. https://bit.ly/3zkH2Mp
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