Bond-Bullion Barbell Springs Back to Life!

The bond-bullion barbell has been delivering, and not just in the past two weeks but the past two months

Highlights

• As the S&P 500 nears its all-time high, sector breadth remains poor

• Aerospace & Defense stocks screen well in an increasingly uncertain world

• Weak regional manufacturing surveys signal a 3-point slide in the ISM comparable

• Financial distress among U.S. adults is nearing 2008-09 levels