S&P 500 books record as falling rates bring ‘relief’ — but beware the ‘tale of two bond markets’

1. Interest rates are expected to decline as the Fed may cut rates soon. 2. Concerns about inflation and fiscal pressures are impacting long-term Treasury yields. 3. The S&P 500 closed at a record high as Treasury yields fell. 4. Historical data suggest S&P 500 rallies follow Fed rate cuts. 5. Bond ETFs saw record inflows, indicating strong investor demand.