There’s a popular idea that markets hate uncertainty. That’s just false.
Non-U.S. markets may have had a good start to the year, but non-U.S. equity prices still have a ways to go before they come close to catching up to U.S. valuations.
With Donald Trump sworn in as the 45th president of the United States, it’s worth noting that while a lot can change with any new administration, a lot continues to chug along.
Treasury yields have torn higher since Election Day, and there seem to be three interrelated theories suggesting why:
“Among all forms of mistake, prophecy is the most gratuitous.” —George Eliot
The tides turned quickly last night and we saw a textbook risk-off move in the markets, as it became clear that Donald Trump would win the presidency.
“When the gods wish to punish us, they answer our prayers.” —Oscar Wilde
Dr. Brian Jacobsen answers the headline question and provides added context for your clients.