Market Thinking

making sense of the narrative


Tag: junk bonds

Politics and Markets

Sterling is rallying for market reasons more than politics, but the DXY is rolling over suggesting a possible rotation back to non US Equities is coming. This also makes sense as and when Wall Street starts to at least partially price in Elizabeth Warren. While almost all her declared policies are bad for the S&P, it is her stance on fracking that threatens a genuine financial crisis and a mortal blow to almost the whole US ‘alternatives’ sector (click on header for more).