The Recent Bond Yield And SPX Declines (And Now Bitcoin) Tend To Recur Year After Year

There has been multiple explanations and rationalizations of the very recent and sharp decline in bond yields. The most prominently published rationalization was the action taken by billionaire and former hedge fund manager Stan Druckenmiller's piling into US Treasuries as the US trade war with China escalated.

Mr. Druckenmiller was quoted by Bloomberg (here) as saying:

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