Italian bond yields rose swiftly to multi-year new highs when the Italian president refused to swear in a trained economist and Eurosceptic as Italy’s next finance minister.
In a deliberate attempt to get ahead of the inflationary curve, the US central bank and fixed-income market participants are causing US interest rates to rise.
The growing trade deficit of the US has come under increased scrutiny as of late. Notably, the trade deficit now runs around $653 billion annually and continues to grow.
US stock and bond market volatility was further impacted by a temporary government shutdown and fears of a weak auction as the US Treasury rushed to roll-over short-term bills and notes.
All else equal, growth based on borrowed money instead of growth based on production produces unnecessary inflation.
Another year has come to a close. Now, the performance of economies and financial security markets can be journaled into history.
Whether a function of tax reform or rosy profits, stock prices continue to push higher. And why shouldn't they?
US stocks are at all time highs and have been consistently strong. Many investors question how long this will last.
“For investors wanting to buy into a newer bull market early, and since ‘there is always a bull market somewhere’, what other options might there be among developed stock markets?”
Synonymous to the perfect blockage of sunlight by the eclipse, the final speeches that came after the monetary symposium kept financial market participants and economists in the dark.