We’ve been seeing analysts increasingly talk about a “1994″-style situation playing out in the market. What does that mean? Basically, the market was caught off guard that year by a surprise Fed tightening, and Treasuries got hammered....

If the weather stays hot and dry this summer, this is going to mushroom into a huge story. First, the drought is horrible. It’s being called the worst since 1988t in almost no part. Here’s the latest...