The year is still young, but, as Bloomberg's Lu Wang and Lynn Thompson detail below, moves on Wall Street this week point to a couple of important trends to keep an eye on.

• The Good: The buy-and-hold passive crowd are in fighting spirits.

• The Bad: Stocks and bonds remain stubbornly correlated at times, prompting traditional money managers to consider fresh diversification strategies.

• The Ugly: Reliable market patterns are hard to come by in the Trump era — especially as inflation anxiety comes back.