The second big shift.

The article discusses the change in the relationship between equity and bond values as of 2016. Topics covered include the tendency for equities to have higher yield than government bonds in the late 1950s, the first valuation shift between bonds and equities, which started in the mid-1950s, being driven by a change in economic fundamentals and institutional investors' attitudes, and the need for investors to be cautious about using bond yields as a signal for buying equities.