A quickie video interview with JP Morgan’s Kolanovic following the down day for US equities:
- Stocks close near lows
- Forexlive Americas FX news wrap: Strong data keeps the US dollar bid, Canadian CPI slips
Kolanovic (paraphrased):
- as yields rise multiples tend to go down., you will have moves out of equities into bonds
- even if bond yields pull back there is still a very big gap in what equities are pricing
(ps if the embed is not working, link here for 2 minute video)
