The stock and bond markets started to recover over the last two weeks of June after a difficult start to the year in which the S&P 500 had fallen 23% and the Treasury 2yr/10yr yields had risen to 3.43%/3.48% from .73%/1.51%. The price of gasoline perhaps not-so-coincidentally peaked in mid-June within days of the stock and bond bottoms, and all three spent the next two months decisively reversing their year-to-date course. By mid-August, the S&P 500 had bounced 17%, and the Treasury yields had fallen to 2.90%/2.61%.