Always appreciate your illuminating insights sir, I notice most other countries are still going negative rates at an alarming rate, Do you see a limit? and won't their investors/traders collect the free money and pour it into US bonds? as its still widely considered the safest yield on capital out right now.
The stock market volume is a lot lower than the bonds, The bonds are seemingly the star of the show. I think this yield curve normalization wont last for long. Tho the yield curve inversion is a lagging indicator I am curious if you have any idea on what will be the straw that breaks the camels back?