As stocks hover back near record highs, entirely shrugging off virus fears, the rest of the world's financial markets seem anything bit convinced this is a temporary shock - as The Fed's Jim Bullard proclaimed this morning on CNBC.

Source: Bloomberg

The 30Y yield is back at record lows...

Source: Bloomberg

The yield curve has collapsed...

Source: Bloomberg

To its most inverted in four months...

Source: Bloomberg

And gold is exploding higher...in USD...

Source: Bloomberg

...to record highs in Euros...

Source: Bloomberg

And record highs in Yen...

Source: Bloomberg

So, are US tech stocks right? Or the entirety of the rest of the world's financial markets?