Goldman Asks: How Likely Is A ‘Balanced Bear’?

This is all fine and good as long as market participants continue to view rate rise as indicative of (and in step with) economic strength. But this feels a lot like January. Remember, the market’s interpretation of rising yields can turn on a dime, and this has all the trappings of an inflation scare. When it comes to rate rise, it’s the “why?” and the “how quickly?” that matter and while the answer to the first question bodes well for risk, we might soon be answering the second que