{"id":1300941,"date":"2023-05-28T11:10:12","date_gmt":"2023-05-28T15:10:12","guid":{"rendered":"https:\/\/bugaluu.com\/news\/mr-market-is-still-in-denial-over-tinas-passing\/1300941\/"},"modified":"2023-05-28T11:10:12","modified_gmt":"2023-05-28T15:10:12","slug":"mr-market-is-still-in-denial-over-tinas-passing","status":"publish","type":"post","link":"https:\/\/bugaluu.com\/news\/mr-market-is-still-in-denial-over-tinas-passing\/1300941\/","title":{"rendered":"Mr. Market Is Still In Denial Over TINA’s Passing"},"content":{"rendered":"
\"\"<\/a><\/div>\n

Mr. Market Is Still In Denial Over TINA’s Passing<\/span><\/p>\n

\n

Authored by Jesse Felder via TheFelderReport.com,<\/em><\/a><\/p>\n

Despite the stock market rally so far in 2023, the S&P 500 Index has not come close to regaining its all-time high put in early last year.<\/p>\n

What has soared to new highs, however, is the stock\/bond ratio.<\/strong><\/p>\n

In fact, its ascent has been so strong that, over the past two decades, the SPY-to-TLT ratio has only been as overbought (as measured by quarterly RSI) as it is today at the 2007 top heading into the GFC.<\/p>\n<\/p>\n

It came close back in late 2018, just before the steep fourth quarter selloff that year, but didn\u2019t quite manage to reach the level we see currently.<\/p>\n

So it would appear that stocks need bonds to rally hard and soon in order to\u00a0justify current levels<\/a>. <\/strong><\/p>\n

However, if bonds rally because the economy weakens significantly, that would likely not be bullish for equities subject to significant earnings downgrades.<\/p>\n

And if bonds can\u2019t rally, whether the economy falters in a meaningful way or not, that too could prove problematic for a stock market that appears far out of equilibrium with competing financial assets.<\/strong><\/p>\n

<\/a><\/p>\n

In short, it looks like Mr. Market is\u00a0still in denial<\/a>\u00a0over\u00a0TINA\u2019s passing<\/a>.<\/strong><\/p>\n<\/div>\n

Tyler Durden<\/a><\/span>
\nSun, 05\/28\/2023 – 13:00<\/span><\/p>\n

From:Zerohedge<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Mr. Market Is Still In Denial Over TINA’s Passing Authored by Jesse Felder via TheFelderReport.com, Despite the stock market rally so far in 2023, the…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_post_was_ever_published":false},"categories":[1],"tags":[],"class_list":["post-1300941","post","type-post","status-publish","format-standard","hentry","category-news","wpcat-1-id"],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/pbimBl-5sqV","jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1300941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/comments?post=1300941"}],"version-history":[{"count":0,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/posts\/1300941\/revisions"}],"wp:attachment":[{"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/media?parent=1300941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/categories?post=1300941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bugaluu.com\/news\/wp-json\/wp\/v2\/tags?post=1300941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}