Why ‘Teflon-Like’ Global Markets Are Resisting the Bears
- Markets betting U.S. growth, earnings will offset yield gains
- ECB, Bank of Japan replace Fed as global liquidity providers
Risk of a Return to Volatility in 2017
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The rise of Donald Trump. Looming European elections. A jump in inflation. A less accommodative Federal Reserve.
In recent months, markets haven’t just climbed a wall of worry spanning geopolitical risks to the end of a multi-decade bull run in bonds, they’ve vaulted over it.