Stock market to bond market: ‘La-la-la I can’t hear you’

COMMENT: Bond markets are screaming that the world economy is slowing, and shareholders aren’t listening

Tuesday 5 July 2016 at 14:07

Stock market to bond market: ‘La-la-la I can’t hear you’
Photo: iStockPhoto

After Lehman Brothers fell over in September 2008, equities slumped, then rallied back to their previous levels within a week. Brexit isn’t Lehman, but the stock market is behaving similarly.

The S&P 500 remains a little lower than it was immediately prior to the British vote to leave the European Union, but it is already back above where it stood the day before that.