Strategas Insights: Room to Run

Brought to you by Envestnet:

“It may be hard to believe, but at the end of October last year, the S&P 500 was resting at a lowly 4,100 and the 10-year U.S. Treasury was yielding ~4.85%. Then over the ensuing ten weeks into year-end, and now another four into the New Year, the Index has rallied more than +20% to ~4,925 and the yield on the 10-year Treasury Note has fallen -85bps to ~4.05%. What happened?”

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