Sløk: Fed-Fueled 'Tourists' Will Determine the Market's Fate

Years of loose monetary policy have encouraged tourists to take a vacation in higher-yielding assets. With a U.S. interest rate hike looming, those flows could soon reverse.

What goes up must come down?

Photographer: Andrew Harrer/Bloomberg

Torsten Sløk, Deutsche Bank's chief international economist, has pointed to one sign that investors might be getting a bit jittery ahead of a potential interest rate hike from the Federal Reserve: soaring sales of American Eagle gold coins.

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