eli5: Why are both S&P 500 stock and bond indexes down YTD instead of being the inverse?

Question

Aren’t stocks and bonds supposed to move in inverse to each other?

In: 7

Answer 1

Bond prices generally fall when the cost of borrowing money increases (which is happening now/soon) which is the main reason for current bond price drops. That combined with everything else like inflation and war is what’s also bringing down the stock market