A massive rally in oil led to a big rally in oil stocks, and conversely a big sell-off in sectors that might get hurt from higher inflation. Bonds also got walloped as any whiff of inflation hits that futures product hard. With Bonds near their October 2015 lows, while the SPX is near an all-time high some real portfolio adjustment is just about to hit the market. The HUGE standout today were the FNMA stocks. – From Another Site…