Episode
Equities Surge Higher: Why aren’t Bonds Panicking?
- Podcast
- The Art of Investing
- Published
- Feb 20, 2026
- Duration seconds
- 4082
- Processing state
not_requested- Canonical source
- https://share.transistor.fm/s/cbc6d65a
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Summary
This week on The Art of Investing, Rich McDonald, Mark “Spice” Holden and Chris “CJ” Fellingham unpack a quietly powerful week in markets.While headlines remain focused on AI, tariffs and geopolitics, European markets are breaking higher, bonds are behaving, and liquidity is quietly driving asset prices.The team explores why risk assets continue to rally despite macro uncertainty, and why the bond market remains the ultimate signal to watch.Plus: a deep dive into portfolio volatility using AI, the silver short squeeze debate, and what could finally derail this bull run. This Week’s Highlights:📈 Europe Leads AgainFTSE 100 hits fresh highs, the DAX continues to climb, and the Euro Stoxx 600 builds momentum. 🏦 Bonds BehavingUS 10-year yields hit 12-month lows. No panic. No inflation scare. Why does it matter? 🤖 AI = Disinflation?Is productivity from AI quietly suppressing inflation expectations? 🪙 Silver Squeeze TalkIs there really a conspiracy in silver, or just classic retail momentum? 🌍 Emerging Markets BuildPortfolio exposure increases as global growth expectations strengthen. 📊 AI Analyses the PortfolioCJ uses AI to calculate portfolio volatility in minutes, and the results may surprise you. Portfolio Snapshot - Week 27:Weekly performance: +0.5%Total return since inception: +17.3% Top Performers🥇 iShares Core FTSE 100 ETF: +2.4%🥈 Invesco Stoxx Europe 600 ETF: +2.0%🥉 Xtrackers DAX ETF: +1.9% Underperformers📉 VanEck Crypto & Blockchain Innovators ETF: –0.5%📉 Nikkei 225 ETF: 0.0%📉 Cash: +0.1% Portfolio Positioning:The portfolio remains tilted toward:• European equities• Emerging markets• US small and mid-caps• Commodities exposureCash and bonds remain limited (~20% combined), keeping overall volatility aligned with the S&P 500, but with broader geographic divers…