Can stocks and bonds both be right? | Ackman's new play | Where the jobs will be

Here's why stock and bond investors may have similar economic outlooks.

VIEW IN BROWSER | SUBSCRIBE SAT, MAY 09, 2020 WEEKEND BRIEF EDITOR'S NOTE Stocks are rising and bond yields are falling as economists digest some of the worst economic news in history.   In this edition of Weekend Brief, CNBC's senior markets commentator Michael Santoli explains how stock and bond investors are actually laying the same bet.   It appears "to many as if the equity and fixed-income markets are offering divergent messages on the economic outlook," he writes. "Yet there is less of a disconnect than might be obvious."   It's not so much that stock investors see a swift recovery and bond investors see a longer slog ahead. It's more about zero interest rates, which will be with us for the foreseeable future.    The S&P 500 has soared 33% over the past seven weeks and last week the Nasdaq turned positive for the year. That performance belies the 20.5 million jobs lost in April and the unemployment rate hitting 14.7%.   Most of those who lost their jobs in April say they consider their layoffs temporary - another reason behind stock investors' enthusiasm. The coronavirus pandemic is also creating some new jobs, CNBC's Jeff Cox writes, including contact tracers and temperature takers.   Stock investors are also cheering the reopening of state economies, CNBC's Patti Domm writes, but from here it has to go well.    "The stock market has sort of a hall pass as the months proceed and things reopen,"  said Peter Boockvar, chief investment strategist at Bleakley Advisory Group. "At some point, that hall pass is going to expire."   Thanks for reading Weekend Brief.  Email your thoughts to EveningBrief@nbcuni.com or follow me on Twitter @tellittoal.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal MICHAEL SANTOLI'S MARKET COLUMN Can stocks and bonds both be right? Making sense of rising equities and ultra-low Treasury yields   THE WEEK AHEAD Stocks are expected to trade the economy's reopening in the week ahead   ACTIVIST SPOTLIGHT Bill Ackman looks to find another winner in restaurants, where his track record is perfect   YOUR WEEKEND BRIEFING  Coronavirus has taken millions of jobs, but here's where they're coming back Latest on the coronavirus How the Fed's fighting to keep Covid-19 from causing an extended financial crisis IRS sets May 13 deadline to submit direct deposit information for stimulus checks Analysts say stocks like Amazon and Wingstop will continue to benefit from a socially distant world Coronavirus fallout: Here are the 16 department stores Nordstrom is closing permanently House Democrats hope to vote on coronavirus bill next week as Republicans press pause Trump 'torn' over US-China trade deal as officials push to fulfill its terms Widely followed Bank of America strategist Hartnett has a tactical 'reopening portfolio' 'Friendly fraud' is on the rise, and small business owners may bear the brunt of the impact     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS