Bloomberg Surveillance
Surveillance: Equity & Fixed Income Disjointment
Sep 25, 2023
Katy Kaminski discusses the disconnect between equity and fixed income markets. Sheila Bair warns of the dangers of speculation and bubbles. The podcast explores the impact of higher yields and low interest rates on productivity.
27:08
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Quick takeaways
- The equity market has been disjointed from the fixed income market, with the former ignoring the risks posed by higher energy prices and the need for higher rates.
- Technical signals indicate that the equity market has been relatively positive, while the fixed income market has consistently performed well, especially this month, signaling a potential repetition of last year's trends.
Deep dives
Equity Market Recognition of Upside Risks
The equity market has been relatively positive, ignoring the need for higher rates. However, last week, there was a breakout in the fixed income market, signaling that the market is recognizing the real risks, such as higher energy prices, that could impact the equity market.
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