One of the most comforting things about trying to predict the future in financial markets is that there are always so many other people trying to predict the future at any given time. That means the entirety of investor expectation is always baked in to current levels. In other words, if there was a way for investors to know that stocks and rates would continue lower from here, people would already be trading accordingly.
Source: Kevin Litwicki Universal Lending
2016’s Wild Ride Already Over or Just Getting Started?

The big story of 2016 continues to be the heavy losses in risk markets and the resulting improvements in safer haven markets. A risk market is anything with a greater risk of loss in exchange for a greater potential for reward. Stocks are the quintessential risk market, but oil prices have been even more volatile of late.
Source: Kevin Litwicki Universal Lending
Oil and Stocks Continue Dominating Interest Rate Markets

Last week we discussed the bond market paradox that has been dominating the new year, whereby interest rates moved lower despite stronger economic data. In a normal, boring, perfect world, interest rates AND stock prices would generally move higher when economic data is stronger and vice versa.
Source: Kevin Litwicki Universal Lending
Just How Much Do Stocks Matter For Rates?