‘Something does not compute’: A prominent chief economist explains why conflicting signals in the stock and bond markets are ‘very dangerous’
|08/17/2019||Posted by BusinessMediaguide.Com under General World News||
- Daniel Lacalle, chief economist at Tressis, sees a major disconnect between the narratives surrounding the stock and bond markets, as well as their recent price action.
- He also thinks it’s “very dangerous” for equity markets to rely as heavily as they currently are on the prospect of ultra-easy monetary policy — especially when the future path is so uncertain.
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Stocks and bonds are supposed to behave differently. After all, the incongruent relationship is meant to provide a hedge to investors that aren’t interested in bearing the turmoil that comes with one-sided exposure.
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