Are investors running for safety? The bond market seems to think so.

A Distilled Perspective Commentary from Patrick T. Bulger Analytics, 08/22/2025

Debt appears to be showing a sizable flight to safety.

This tells a completely different story from the bullish equity narrative.

Key Takeaways for your portfolio:
The data didn’t change from the last post.
This is what exuberance, speculation & volatility look like.

What are they trying to tell us about the economy?"  See the Risk Post,
A chart you should know.
https://www.patricktbulger.com/blog/it-all-about-risk

Debt appears to be calling out broad equity moves & The Fed.

Summary, 
Erosion of underlying macro condition continues.

Key Conviction:
These views are supported by other reinforcing data as Job Weakness, Consumer Sentiment, Finance, Refinance, Debt and more.

Our Qualitative Alignment
Here is our philosophy, built on a disciplined plan of quality:
1.    Distill Data: We reduce data to levels well beyond normal human expectation.
2.    Seek Truth: We interpret data with abnormally focused intensity spanning decades.
3.    Ensure Conviction: We build extreme conviction decisions based on non-spin.
For your seriously invested capital.

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The return and principal value of bonds fluctuate with changes in market conditions. If bonds are not held to maturity, they may be worth more or less than their original value.

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