Wells Fargo's Schumacher: Market backdrop became 'too sanguine, too quickly'

Equities and oil rallied during the session while bond markets showed little reaction; Wells Fargo Securities Head of Macro Strategy Mike Schumacher discussed this divergence on 'Fast Money.' Schumacher offered analyst commentary on why bonds did not move in step with equities and energy, providing context but no new data likely to immediately shift market positioning.

Analysis

Equities and oil rallied during the session while bond markets showed little reaction; Wells Fargo Securities Head of Macro Strategy Mike Schumacher discussed this divergence on 'Fast Money.' Schumacher offered analyst commentary on why bonds did not move in step with equities and energy, providing context but no new data likely to immediately shift market positioning.