By EconMatters
The Financial Markets are at all-time highs going into a rate hiking cycle by the Federal reserve, that seems like a rational, logical correlation. Assets often take the escalator up, and the freight elevator down as everybody tries to exit at the same time.
Commercial traders are net long more bond contracts than at any point since 1992 other than in the spring/summer of 2005 according to the latest data from the Commodity Futures Trading Commission.
As Gavekal Capital's Eric Bush points out, they were a bit early in 2005 but ultimately 10-year yields declined from 5.25% in 2006 to 2% in 2008.
5-year yields ultimately declined from 5.15% to 1.36%.
Microsoft billionaire Bill Gates and an all star line up of very wealthy and very influential investors are launching a fund to solve climate change related problems. Launching $1 billion investment fund for next generation energy technologies https://t.co/eWGZrcflaZ @btenergy @BillGates pic.twitter.com/SuNoLP5jz0 — Richard Branson (@richardbranson) December 12, 2016 Over the next two decades Gates and 19 others plan to put more than one billion dollars (£793 million) into a new fund which aims to to fight climate change through energy innovation.
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Megatrends 2020: What They Mean For Gold
Written by Peter Diekmeyer (CLICK HERE FOR ORIGINAL)
"This time is different", or maybe it's just 1929 all over again, because according to Deutsche Bank, after 8 years of easing sent the S&P to all time highs, the only thing that is more bullish than a dovish Fed, is a Hawkish one, and as a result no matter what the Fed does tomorrow, and how it hikes rates, equities can only go "higher."