Peter Atwater on the parallel peak in stock and bond prices

What I think is underway, though, is a real reversal in sentiment that didn't begin this year, but began almost 18 months ago when you saw Gamestop and SPAC mania accompanied by record volumes of negative yielding interest rate bonds.  So you had this parallel peak in stock prices and in bond prices.  And that is an unprecedented moment in the markets.  We 've never seen this kind of coincidence before.  And so what I don't think investors quite appreciate is we're having an unwinding in both fixed income and equities simultaneous here and there's not going to be any place to hide in that.

~ Peter Atwater, interview with Stephanie Pomboy, Wealthion, 10:50 mark