When Does Divergence in the Markets Come to an End?

The video discusses the divergence between the SNP and other indices, influenced by the 10-year yield. It explores the potential impact of Federal Reserve rate hikes on equity markets and the cautious approach of US Treasury market participants. The discussion includes the concept of the 'Bernanke put' and the market's reaction to Fed policies, with a focus on global bond yields and the equity risk premium. The video concludes with an analysis of how low interest rates affect PE ratios and market reality.

What does the text suggest about the market's reaction to strong nonfarm payroll numbers?

Discuss the relationship between global bond yields and equity risk premiums mentioned in the text.