27. July 2016 16:49
If the last twenty five years underscore just how much capital flows matter to markets, then the last two years have seen the build-up of four big trends that are not getting the attention they deserve. As these trends reverse, they will have major implications for markets. Each anomaly represents an ‘elephant in the room’ for investors. Just for starters, we figure that bond prices could tumble, the US dollar skid lower and EM significantly outperform Wall Street.