Stocks vs. Bonds: What The S&P 500/TLT Ratio Is Signaling Now

  • The current market environment reflects deep uncertainty about the direction of U.S. economic policy. Since the November election, investors have been grappling with a core ambiguity: will the new administration focus on deficit reduction and inflation control to stabilize the long end of the yield curve — or continue to rely on expansionary fiscal measures to sustain growth and support equities?