The stock market rallied primarily due to money from COVID stimulus flowing into the Magnificent Seven tech stocks, not from fundamental economic improvement; meanwhile, the bond market's rising rates signal actual inflation, which contradicts the narrative that stock gains represent genuine wealth creation.
causalpending
Speaker
Haime CarrascoEvidence Quote
“the stock market has taken off but in my opinion it had taken off because of the we call the Magnificent sevens and the fact that it's all that money that's filtering back that was issued through covid but the bond market the rise in interest rates is signaling something completely different”
Created: 8/11/2026, 7:23:14 AM
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