The bond market’s recent behavior, akin to meme stocks, is now influencing the equities market, according to a leading strategist. What Happened: Stocks are reacting to shifts in the bond market following a significant drop in yields over the past two months, reported Business Insider. This has sparked a rally in the S&P 500 and Nasdaq. “The bond market is in charge, as far as I’m concerned,” Richard Kneller, U.S. equities desk strategist at Stifel, told Bloomberg TV on Thursday. He further noted that the bond market is reacting “almost like a meme stock.” This behavior seems to reflect the tu…
