The Bloomberg Barclays U.S. Aggregate Bond Index, a benchmark that is kind of like the S&P 500 for bonds, fell by roughly 15% — its steepest drop since 1976, when it was created.
This year, stocks have staged an impressive recovery — the Nasdaq is up more than 30% so far. But the bond market has barely rebounded.
That's largely because investors are betting inflation will remain above the Fed's target for a while, which means policymakers will have to keep interest rates high.
Four miles to Dresden.
Taken on Friday August 14, 2020 at Delmar, NY.
On the End of Short Point, looking over Lake Champlain.
Taken on Sunday August 15, 2010 at Point Au Roche.Is ‘Novid’ a thing? Have some people really gone through three-and-a-half years of Covid and still never gotten the disease through some combination of caution and luck?
And if a slice of the public really has avoided the virus — even amid the current Covid uptick that has led to slight rise in hospitalizations — can scientists learn from them?
The answer is yes and yes — with the usual Covid caveats is that a lot is still unknown. There probably are a relatively small number of people who really haven’t gotten it — although many if not most of those who think they were untouched probably had very mild or asymptomatic cases. Maybe we should call them LowVids.