Tuesday, July 22, 2025

Asset Price Puzzles

Why Are Stocks Up? Nobody Knows
https://www.wsj.com/finance/stocks/why-are-stocks-up-nobody-knows-e40e5f42
A torrent of bad news hasn’t been enough to sink the market.
 
A Mystery in the High-Yield Muni Market: What Are the Riskiest Bonds Worth?
https://www.wsj.com/finance/investing/a-mystery-in-the-high-yield-muni-market-what-are-the-riskiest-bonds-worth-22b00e47