Bonds worry, while stocks enjoy the "bliss trade"

The stock market and the bond market are telling different stories about the economy: Bonds fear doom, while stocks see boom.Why it matters: That's a bit confusing for investors and policymakers looking to these markets to make decisions — or for anyone trying to get a read on (waves hands) everything.The intrigue: Stocks are betting on what former IMF chief economist Gita Gopinath calls the "bliss trade" — a belief that stocks can keep rallying even as bond investors price in more inflation ris...