A New Watchlist

We've updated Watchlist! The changes include a new, responsive design featuring extended-hours data and more news. Learn more
>

Stocks Soar. Yields Sink. What’s Next?

Photograph by Drew Angerer/Getty Images
  • Order Reprints
  • Print Article
  • Resize icon

Like our major political parties, the stock and bond markets seem to live in two different worlds these days. The former sits at record levels, suggesting we live in the best of all possible worlds. The latter sees things as bad and only getting worse.

Who’s right? As in so many things in life, the truth lies between the extremes.

The Federal...