Join institutional investors, analysts and strategists from the world's largest banks: Subscribe today
Already have an account? log in
Chart Check (Spot The Odd One Out)
At this point, you should be well versed in what we mean when we talk about the "reflation trade" or the "Trump trade" as it were.
You should also be well aware of the fact that the reflation narrative markets adhered to from November 9 to December 30 revolves around higher yields and a stronger dollar.
When it comes to the S&P, a negative correlation between stock and bond returns and a positive correlation between equities and the dollar (combined with expectations of higher growth) fuel
