The Danger of Markets Pre-Judging Events

The video discusses market volatility, comparing Brexit and Trump events, and their impacts on equity markets. It explores market reactions to Trump's victory, economic policies like Reaganomics, and the importance of not pre-judging market events. The video also highlights market dislocations as opportunities and analyzes the dynamics between bond and stock markets, emphasizing the potential competition between them as bond yields rise.

Discuss the relationship between bond yields and stock market performance as mentioned in the text.

What factors could lead to competition between Treasurys and equities in the market?