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The first thing in the morning, it seemed as if we had a opportunity to see the following trade-war-driven bond rally. A Reuters story that detailed the US/China communication breakdown hit the marketplace inducing shares and bond yields to move lower. However, by 7am, investors indicated they'd had enough. There s just so much niches will willingly brace for if the worst case situation is something which will play out in gradual fashion. The worst case situation is really a knock to international economic growth because of trade barriers rather than something like a shift in central bank policy which has an impact and a quantifiable consequence for future cash flows. Markets are to respond to things. The best case situation, nevertheless…(read )

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