The stock market is enjoying its best start to a year since 1987. The US economy blew past growth expectations in the first quarter. And yet:
- There seems to be a disconnect, according to Nikolaos Panigirtzoglou , a global market strategist at JPMorgan. Government bond markets appear to be pricing in recession risks, while markets for riskier assets like stocks, corporate bonds, and commodities seem more optimistic.
Source: Stock market records, Amazon’s visit to Madison Avenue, and mental-health startups