Did the bond market break President Trump?

This episode explores whether recent bond market movements—marked by rising Treasury yields and a delay in tariff hikes—signal that President Trump’s policies have influenced market behavior. The discussion covers how the spike in yields led to a strong risk asset rally, what the quantitative signals across different time horizons suggest, and why the current market regime is labeled as DEFLATION. Additionally, the podcast delves into portfolio strategies recommending disciplined, model-driven positioning, highlights both risks (such as potential recession, fiscal tightening, and heightened volatility) and opportunities (like trade deal optimism and improved liquidity trends), and answers client questions about the potential political implications of bond market pressures.