The final GDP reading for the first quarter of the year was released today showing that the US economy actually contracted by 2.9% over the three month period. Ordinarily that would cause a sizeable selloff in the stock market and all of that money would come over into Bonds, causing rates to drop a little bit. As it stands currently, Stocks actually rallied under the assumption that the Federal Reserve will just continue to print more money to buy more bonds to keep interest rates lower. You know what they say about the people who make assumptions.
