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Perspectives – 5/19/13

May 19, 2013

    by Jerry Robinson, Editor-in-Chief

    PERSPECTIVES – 5/19/13: Last week we enjoyed a nice rise in our stock holdings as the global equity markets continue to spike higher courtesy of the worldwide campaign of monetary easing. The current rally in stocks is impacting the bond market. Since early May, the yield on the 10-year Treasury has leapt from around 1.6% to nearly 2% this week. This is evidence of at least some rotation out of bonds and into stocks, but money is also coming into the global stock markets through savings accounts and CDs as the masses begin to believe the wild tales of central bankers.

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