TINA is Turning

You don't think of them as human
You don't think of them at all
You keep your mind on the money
Keeping your eyes on the wall
--Tina Turner

Of the straws mounting on the market camel's back, a big one is rising short term fixed income yields. Yields on two yr Treasuries recently crossed S&P dividend yields for the first time in 10 yrs.

Perusing my broker's online CD inventory this morning found yields of 1.75% on one yr CDs and annualized yields of nearly 1.5% on 3 month CDs.

For investors seeking income, stocks have been considered the only game in town because of their 'hefty' dividend yields versus fixed income. That calculus is changing.

TINA is turning.