Why Stocks Are Rallying Today, and Bond Yields Falling

The U.S. publicly held debt is 100.2% of GDP, meaning our debt is bigger than the size of our economy. The two had a 0.92 correlation, indicating a close positive relationship. Stocks are climbing the ladder "as crude oil retreated on hopes for progress on the Iran conflict, though today feels like a waiting game for the main events," wrote Joe Mazzola, head trading & derivatives strategist at Charles Schwab.