The renewed strength of long-end yields (bond weakness) -if sustained- may be acting as a harbinger to the economy that the worst is yet to be seen. The stock market rally is taken for what it is but the bonds are making a quite bold statement that there is some “confusion” in the financial markets. You choose which – stocks or bonds – you believe.
Disclaimer> This post is purely informational. It does not constitute a trading or investment advice. Financial markets are inherently risky. Honor your risk management decisions that solely you are responsible for!