This historic bond market crash continues.

And to be fair, it might not seem like a "Crash" because bond market volatility is still relatively low.

How's this messy market treating you?

Are you happy the market is a mess? Or do you find it frustrating?

Keep in mind, the S&...

What's on your mind these days?

I'll tell you what I'm thinking about.

I'm used to a market where stocks struggle when the US...

Imagine being one of these people who are lying to US citizens about falling interest rates?

Or worse, imagine being one of the poor victims who actually believed them?...

You're finally seeing some of that defensive rotation with Utilities representing the only sector that is hitting new 6-month highs this week.

Here is a chart of Utilities...

Gold is one of the biggest winners so far in 2024.

But you can argue that it's really the commodities complex that is leading, and Gold is just one of them.

The most profitable part of a new market regime is how long it takes most investors to come around to it.

Humans are creatures of habit.

How I learned it more than a couple of decades ago was that there were 3 asset classes: Stocks, Bonds AND Commodities.

But a funny thing happened throughout the 2010s....

You didn't fall for those lies about falling interest rates did you?

At this point, it's 2024.

We know for a fact that Wall...

Have you heard that stocks are going up in anticipation of lower interest rates?

Me too.

That's hilarious isn't it?