What drives the moves in stocks and bonds

Market Performance & Influencers - Since October 2022, CPI reports have dominated market gains with a 16 percentage point increase [3] - Post-Trump election, jobs data turned negative, down 5 percentage points [3] - CPI's impact has flattened since November, introducing volatility [4] - Fed days continue to drag stocks lower [4] Bond Market & Yields - Fed decisions are the biggest movers for bonds, pushing the 10-year yield down 98 basis points [6] - Since November, jobs data has added 26 basis points to the 10-year yield, signaling concerns about sticky inflation [7] - A recent jobs report drove the 10-year yield up 10 basis points [7] Economic Concerns - Investors fear slowing growth and potential recession instead of cheering cooling inflation [4] - Significantly lower yields could signal doubts about the reflation trade and economic trouble [6]