The US curve continued to rise and steepen this week. The prospects and hopes for tax cut stimulus, and the breaking of the policy logjam in D.C. with the Republican sweep, set a new tone in markets. Equities are at records, and the dollar above the cycle's highs. Even the economic data have largely come out strong, adding fuel to both the asset rally and bond selloff.
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Macroscope: Animal Spirits
- Published:
18 Nov 2016 -
Author:
Medley Global Advisors -
Pages:
3
The US curve continued to rise and steepen this week. The prospects and hopes for tax cut stimulus, and the breaking of the policy logjam in D.C. with the Republican sweep, set a new tone in markets. Equities are at records, and the dollar above the cycle's highs. Even the economic data have largely come out strong, adding fuel to both the asset rally and bond selloff.