The stock market's Goldilocks moment has one big problem
Michael Nagle/Bloomberg via Getty Images The bond market is not feeling the stock market's record-setting Goldilocks moment. Fixed-income investors are instead feeling spooked about the prospect of central-bank tightening around the world. Sign up for First Trade , Business Insider's daily markets newsletter. The word "Goldilocks" is meme-ing out in US markets right now. It's a reference to how recent economic data has been neither too cold nor too hot. The labor market and consumer spending have been cooling lately, while inflation has remained relatively mild. For the purposes of keeping interest rates on hold, the recent figures have been just right. It's a big part of the reason why stocks have resumed their ascent to all-time highs . Rate hikes have historically been kryptonite for equities. If they're being delayed — or not coming at all — that removes an overhang and allows the blistering AI trade to do its thing. All sounds good, right? Not so f...
