Raging Stocks, Fed Fears Trigger ‘Dislocation’ in Global Markets
- Cantor sees a pattern of ’dangerous imbalances’ across assets
- Eyes on emerging spread between U.S. and Europe bond markets
Trump Trade: New Market Highs Amid Uncertainty
This article is for subscribers only.
The Trump rally in stocks and expected interest rate increase at the Federal Reserve meeting next week is whipsawing traders in most asset classes who are searching for signs of where the markets are headed.
From volatility levels on the S&P 500 to Treasury yields versus German bunds, fundamentals are taking a back seat to trading patterns tied to beta and capital flows, Cantor Fitzgerald wrote in a report to clients on Thursday.