Is history repeating itself? US stocks and bond yields are both RISING at the same time. 39 years ago, a similar setup played out. TODAY: The Nasdaq 100 closed at a RECORD 31,076 The 10-year yield touched 5.35%, its highest since 2002 The 30-year yield hit 5.70% The Fed's key rate sits at 3.75% to 4.00%, after its first hike since 2023 Japan's 30-year bond yield hit a RECORD 4.235% Price pressures are rising, with ISM's services prices index at 74 1987: Stocks hit record highs in August The 10-year yield climbed from 7.2% to 10% The 30-year yield rose above 10% The Fed raised rates from 5.875% to 7.25% Japan's bond market crashed Inflation fears were rising Then came Black Monday, when the S&P 500 crashed 20% in a single day. Where are we heading?