Group 1 - The relationship between stocks and bonds has shown unusual behavior, with stocks and bonds not moving in opposite directions as historically expected [1] - Since the beginning of 2023, the S&P 500 has consistently moved higher, while long-term Treasury yields have remained largely flat [1][2] - The recent rotation out of tech and growth stocks suggests that money is flowing into other areas of the equity market, particularly defensive, value, low-volatility, and small-cap stocks [2] Group 2 - The 10-year Treasury yield experienced a significant drop of approximately 25 basis points over a seven-day period, marking the sharpest decline since September [4] - Such sudden declines in Treasury yields typically indicate shifts in investor sentiment, which was also reflected in increased market volatility [5] - The decline in inflation from its 2022 peak has not fully aligned with the movements in Treasury yields, suggesting broader market dynamics at play [6][7]

Joining us now is Abby Joseph Cohen, Columbia Business School professor and retired Goldman Sachs partner. And great to have you. On the day that we crossed through the 7000 threshold on the S&P 500, I know it doesn't mean a lot fundamentally, but it is a big round number.And I wonder what your take is on this continued a i boom. You know, a small CEO said just now his customers are starting to realize that it's sustainable and so are aggressively building up their equipment. Well, I'm delighted to be here ...