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Many Happy Returns — Making Sense of a Weird Market: Record Highs, Sticky Inflation, and Silent Alarms
Scout ratingSCOUT· 67%34m·2026-04-22·Money

Making Sense of a Weird Market: Record Highs, Sticky Inflation, and Silent Alarms

Many Happy Returns · 217

Stocks have rallied to record highs while the Iran war is merely paused, oil prices are elevated, and inflation remains sticky. But while equity investors cheer the recovery, is the bond market quietly telling a different story? And in today’s Dumb Question of the Week: What is the crack spread? --- Thank you to…

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