Today is a bad day for the financial markets. What is disturbing is that all assets classes are slumping.With one exception. High-grade corporate bonds (LQD) is actually up, green in an ocean of red. This is what it should happen. weak equities, strong bond market.
Why are the Treasuries under pressure? QE2?
Editor, The Peter Dag Portfolio. Since 1977
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2 comments:
Why USD is rising? Despite of all this money printing.
Unwinding of the carry trade? Sell commodities and stocks and re-pay the dollar loan.
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