Which Came First—the Chicken or the Egg?

04/06/2019 3 min

Listen "Which Came First—the Chicken or the Egg?"

Episode Synopsis

Last week, we heard a narrative regarding the movement in the stock and bond markets—specifically, that the decline in U.S. equities resulted from the drop in the U.S. Treasury 10-Year yield. Typically, the bond market reacts to developments in the stock market, not the other way around. Kevin Flanagan investigates a possible shift in the paradigm.