Let's hear some ideas
What a rollercoaster in markets.
This selloff in bonds and rally in stocks can't last. The cost of corporate borrowing is rising and we still have no idea what the future holds and that uncertainty is negative.
But you can't argue with these charts. The reversals are breath-taking and there is a case for US dollar longs.
What are your trade ideas and/or biases from here?
For me, I think the trade is the headlines. We need to get an idea of what the priorities of Republicans and President-elect Trump will be.
The market is betting that he will add infrastructure stimulus spending, cut taxes and fall in line on trade but that's a dangerous assumption for a man who doesn't follow instructions.