Yield warning VS risk asset frenzy! Divergence increases in expectations for U.S. bond and stock market recession.

According to the Wise Finance APP, last week's terrible US non-farm payroll data prompted fixed income investors to quickly factor in expectations of a sharply slowing economy. However, in the stock and credit markets, there is almost no trace of this employment report ever appearing. This week, various high-risk trades soared again, resuming a dazzling upward trend, despite a series of signals that cast doubt on the sustainability of economic growth. The Nasdaq 100 index recorded its largest weekly gain in over a month, Bitcoin halted its short-term decline, and high-yield bond spreads narrowed for five consecutive days.