Bridgewater Associates’ Ray Dalio and Goldman Sachs’ Jan Hatzius discuss what’s causing the divergence between falling bond yield and rising equity prices. Dalio believes this recent divergence makes sense. As interest rates fall, stock value has to rise due to the present value of future cash flow increasing…
This article is only available to Macro Hive subscribers. Sign-up to receive world-class macro analysis with a daily curated newsletter, podcast, original content from award-winning researchers, cross market strategy, equity insights, trade ideas, crypto flow frameworks, academic paper summaries, explanation and analysis of market-moving events, community investor chat room, and more.