Sean Pyles

That's why the long view is important.

That's why the long view is important.

That's why the long view is important.

Back in early April, we saw an interesting convergence of events. There was one week where the stock market was dropping while bond yields were going up and the dollar was going down. To avoid making a confusing situation even more difficult to follow, I'm going to spare everyone an in-depth recap of what all of that means. But here's the gist.

Back in early April, we saw an interesting convergence of events. There was one week where the stock market was dropping while bond yields were going up and the dollar was going down. To avoid making a confusing situation even more difficult to follow, I'm going to spare everyone an in-depth recap of what all of that means. But here's the gist.

Back in early April, we saw an interesting convergence of events. There was one week where the stock market was dropping while bond yields were going up and the dollar was going down. To avoid making a confusing situation even more difficult to follow, I'm going to spare everyone an in-depth recap of what all of that means. But here's the gist.

It's common for investors to flee to bonds when stocks aren't doing so hot. That generally results in Treasury bond yields going down, in part because they're more in demand. The more folks want bonds, the less Treasury has to pay out in interest, which is essentially what the yield is.

It's common for investors to flee to bonds when stocks aren't doing so hot. That generally results in Treasury bond yields going down, in part because they're more in demand. The more folks want bonds, the less Treasury has to pay out in interest, which is essentially what the yield is.

It's common for investors to flee to bonds when stocks aren't doing so hot. That generally results in Treasury bond yields going down, in part because they're more in demand. The more folks want bonds, the less Treasury has to pay out in interest, which is essentially what the yield is.

But if the yields are going up, that can indicate that people are moving away from Treasury bonds, which is kind of unusual given what I described before.

But if the yields are going up, that can indicate that people are moving away from Treasury bonds, which is kind of unusual given what I described before.

But if the yields are going up, that can indicate that people are moving away from Treasury bonds, which is kind of unusual given what I described before.

Yes. Over the course of April, we saw the dollar weaken relative to other currencies, something I am not too thrilled about as I prepare for a vacation in England in a couple of weeks. And Elizabeth, by the way, I still need your London recommendations. Fun fact for listeners, Elizabeth lived in London for many years.

Yes. Over the course of April, we saw the dollar weaken relative to other currencies, something I am not too thrilled about as I prepare for a vacation in England in a couple of weeks. And Elizabeth, by the way, I still need your London recommendations. Fun fact for listeners, Elizabeth lived in London for many years.

Yes. Over the course of April, we saw the dollar weaken relative to other currencies, something I am not too thrilled about as I prepare for a vacation in England in a couple of weeks. And Elizabeth, by the way, I still need your London recommendations. Fun fact for listeners, Elizabeth lived in London for many years.

But what about mushy peas? Do you like those, Elizabeth?

But what about mushy peas? Do you like those, Elizabeth?

But what about mushy peas? Do you like those, Elizabeth?

I'm a fan of the baby food that is mushy peas, so I will get that on my own terms. Well, anyway, back to money things. As of this recording, the dollar is down nearly 10% for the year, and that's roughly a three-year low. As with many things when it comes to macro financial movements, there are a lot of factors at play.

I'm a fan of the baby food that is mushy peas, so I will get that on my own terms. Well, anyway, back to money things. As of this recording, the dollar is down nearly 10% for the year, and that's roughly a three-year low. As with many things when it comes to macro financial movements, there are a lot of factors at play.