US Equities Seem to Be Cutting Their Own Path In the Risk World

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The nail that sticks up the furthest is hammered first. The S&P 500             leads US equities in their remarkable climb through October, but other asset types with a sensitivity to investor sentiment seem to be disagreeing with the bullishness/optimism insinuated by stocks. Is this a divergence that will last and build? Will one side conform to the other? I am dubious of the 'risk on' drive given the lackluster global balance and already lofty levels for the S&P 500             , so I think US stocks will close the gap.
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