Author: Sebastian Montague

In exploring the multifaceted climate of the United States, one quickly realizes that referencing average temperatures or precipitation levels scarcely does justice to the varied meteorological conditions experienced across the vast expanse of the country. This observation reflects a broader principle applicable in many domains, including financial markets. When asked, “What did the market do today?”, a customary reply might involve citing the daily movements of stock indexes. Though these indexes provide a general sense of market trends, they often mask the nuanced performance of individual stocks. Similarly, in the domain of bonds, referencing the change in a commonly followed…