It’s been a year since President Trump was elected. The DOW is up 28% from this time last year and doesn’t seem to be slowing down. It’s difficult to argue against the speed and strength of a freight train in motion. In the Bond market however, The 2-10 year Treasury yield curve is at its lowest point in a decade, which is a sign of little growth and upcoming weakness. If (when?) the Fed’s hike the overnight rate another 0.25% next month, that will flatten out the curve even further.