The market is finally catching up with fed expectations. I think the labor market is starting to take hold with wages and employment. I think the market is waking up to the fact that the plan that the fed put in place, is actually probably justified. We have more policy uncertainty, which can naturally lead to more economic uncertainty, which will lead to more market uncertainty and that will end up with more volatility. Im going to argue it is not really done. These things take time. Its hard to have such a dislocating move without leaving all kinds of wreckage around that you are not expecting. If the stock market is pricing in lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon, but we are paying close attention to it. I think this is more qe unwind getting priced in. The ecb was buying, and the boj was buying. The fed tapering was not a big deal because of that. While that is unwinding, the entire market is realizing that this
We have more policy uncertainty, which can naturally lead to more economic uncertainty, which will lead to more market uncertainty and that will end up with more volatility. Im going to argue it is not really done. These things take time. Its hard to have such a dislocating move without leaving all kinds of wreckage around that you are not expecting. If the stock market is pricing in lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon, but we are paying close attention to it. I think this is more qe unwind getting priced in. The ecb was buying, and the boj was buying. The fed tapering was not a big deal because of that. While that is unwinding, the entire market is realizing that this vol from cute he is stepping away and we have to get ready for more vol. Jon get ready for more vol. Around the table, greg peters of pgim fixed income, Bonnie Wongtrakool from western Asset Management as portfolio manager. Coming to us from atlanta o
Investors unnerved by claims against the chairman. This is a Bloomberg Markets asia. Taking a look at the markets and investors really checking themselves, taking money off the table and there is plenty to take off the table after equities had one of their best starts to any year. In 2018,he most so far and that negativity is trickling through, a lot of it coming from the selloff. 2. 7,d the 10 year pushing and that level is creating nerves when it comes to contagion. Take a look at the early asian sessions, the nikkei 225 just off. Topics also turning lower. Singapore lower ahead of the open. Thenoble group, one of biggest movers, really taking after investors restructuring the debt. The company saying the commodity trader will be safe from bankruptcy, but control will be handed over to creditors and essentially wiping out current shareholders in no ball. A lot of what has been happening with appreciation is down to dollar weakness. That is all seemingly changed in the last 34 hours w
I think the market is waking up to the fact that the plan that the fed put in place is actually justified. We have more policy uncertainty, which can naturally lead to more Economic Uncertainty which will lead to more market uncertainty and that will end up with more volatility. Im going to argue it is not really done. These things take time. Its hard to have such a dislocating move without leaving all kinds of wreckage around that you are not expecting. If the stock market is pricing in lower longterm yield, that could lead into higher evaluation. I dont see a financial crisis on the horizon, but we are paying close attention to it. I think this is more qe unwind getting priced in. The ecb was buying, and the boj was buying. While that is unwinding, the entire market is realizing that this vol from cute he is stepping away and we have to get ready for more vol. Jon get ready for more vol. Around the table, greg peters of pgim fixed income, Bonnie Wongtrakool from western Asset Managem
Going to take hold with wages and employment. I think the market is waking up to the fact that the plan that the fed put in place is actually probably justified. We have more policy uncertainty which can naturally lead to more Economic Uncertainty which will lead to more market uncertainty and that will end up with more volatility. I would argue it is not really done. These things take time. Its hard to have such a this locating move without leaving all kinds of wreckage around that you are not expecting. If the bond market and stock market are pricing in lower longterm yield, that could lead to higher valuations. I dont see a financial crisis on the horizon. But we are paying close attention to it. I think this is much more, but qe unwind getting priced in. It used to be the boj was buying. While that is unwinding, the entire market is realizing that this decline that came from qe that is stepping away. ,we have to ready for more volatility. Jon get ready for more volatility. Around t