The Difference Between Stocks and Yields

The price you pay for things matters, right? You've got P.E.'s on the S&P 500 above their 5, 10 and 15 year average. Usually when you see yields rise on 10 year treasuries, you don't see tech stocks go up in tandem. So those lines have diverged quite a bit. And we've seen a lot of that lately, including bulls versus bears.