Markets Can’t Stop Thinking About Fed Not Thinking About Hiking
- Fed’s policy pledge has contributed to a slide in real rates
- ‘All these trades are interrelated’ for a reason: investor
Source: Bloomberg Daybreak
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Gold is rallying, a time-honored sign of gloom. But speculative companies in the stock market are also surging, signaling faith in an economic turnaround. Then there’s the dollar, which just had its worst month in a decade.
Moves across asset classes right now seem especially chaotic, lacking a unifying theme. Until you look at interest rates.