Does central-bank stimulus mean ‘the end of stock market corrections’?

By: CHRISMATTHEWS

Major stock-market indexes remain within shouting distance of all-time highs at the same time that investors are buying up corporate and sovereign debt, extending an “everything rally” that has been a noteworthy characteristic of financial markets in 2019.

The S&P 500 index SPX, +1.14% has risen more than 16% so far this year, while the iShares Core U.S. Aggregate Bond Index AGG, -0.13%  , which tracks highly rated U.S. bonds, has risen 6.7% and the yield on the 10-year U.S. Treasury note TMUBMUSD10Y, +3.23% has tumbled 43% to about 1.53%.

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