Another bear market rally or something else? My view is the former until proven otherwise. For me, we need to see yields and the dollar peak. But in the meantime – don’t be surprised to see this market add 10%+ before pulling back.
The $10+ Trillion Question
The biggest thing we’ve learned this week (which investors should pay attention to) is what Vice Chair Lael Brainard had to say on aggressive monetary policy (specifically QT). She is largely in favour of ultra-low rates and money printing…. and was Senator Warren’s pick for Powell’s role. However, now Brainard has conceded we have a problem.
Dollar Index, Gold and Oil all Surge
Russia’s invasion of Ukraine is driving the demand for safe-haven assets such as the US dollar, gold and bonds. Where to from here?
Reaction in Bond Yields to Tell CPI Story…
Ready for higher rates? They are coming. Higher rates will equal a stronger dollar — which will pressure global markets and particularly emerging market debt.
For a full list of posts from 2017…