Is November’s stock market optimism more  than just dancing sugar-plum dreams?  As fears of an economic recession continued to fade  away, equities shook off past pessimism and got into  the holiday spirit.  Equities marched higher, capping off a solid month of gains,  while bond yields continued to curb their enthusiasm still up  from the intra-year lows of August, but little changed for the  month of November. The dichotomy between these two  assets is difficult to square: if equities are right that
 economic growth and stronger profits lie ahead, then  bond yields should be moving higher in lockstep…
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