The steepest bond selloff in history, Europe’s first land war between two sovereign states since 1945, a Federal Reserve tightening into a possible growth slowdown. Oh, and U.S. inflation still near a four-decade high.
For all the threats out there, stocks this week were barely feeling the fear as developed world markets rallied back to levels seen before Russia’s invasion of Ukraine a month ago. That’s even as Treasury yields broke out anew and key sections of the bond curve signaled economic trouble.
