Market Dislocations June 2026

Deutsche Bank highlights major market dislocations including extreme equity rallies, historically tight credit spreads despite consumer weakness, and a bond-oil correlation that decouples from resilient equities.

Key Takeaways

• 1.The S&P 500 has gained 16% in two months, a rate of growth historically seen only during recession recoveries or immediately preceding major crashes like 1987.
• 2.Credit spreads remain historically tight despite a collapse in US consumer sentiment and a low savings rate of 2.6%.
• 3.A significant dislocation exists between equities and bonds; 10yr Treasuries remain tied to volatile oil prices while equities have reached record highs.

Table of Contents

• So what are some of the biggest market dislocations right now?
• Conclusion
• Appendix 1
• Important Disclosures
• Analyst Certification
• Additional Information