By Ben Carlson
A Wealth of Common Sense

Interest rates went up a lot in the past couple of years. Stocks have had a nice run. On a relative basis, bonds are much more attractive now than they’ve been in a very long time.

So why is the stock market rising? Why are investors still allocating so much money to equities when the bond market is finally offering decent yields?

The simple answer is stocks are up and bonds are down.

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The commentary is the opinion of the author and distributed with permission under limited license. All data and charts presented herein are from sources deemed to be reliable but are not guaranteed to be accurate. The financial information presented is for information and educational purposes and is not a substitute for professional advice; use of or reliance on any information herein is solely at your own risk. Edited from the original.