The Global Credit Market Is Now A Lit Powderkeg
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And markets are totally unprepared
The financial markets have had a bit of a tough time going anywhere this year.
The S&P 500 has been caught in a 6% trading band all year, capped on the upside by a 3% gain and on the downside by a 3% price loss. It has been a back-and-forth flurry while the stock market up to this point has simply marked time.
We’ve seen a bit of the same in the bond market: after rising 3.5% in the first month of the year, the ten year Treasury bond has given away its year-to-date gains and then some.
2015 stands in relative contrast to largely upward stock and bond market movement over the past three years. What’s different this year and what are the risks to investment outcomes ahead?…
The Global Credit Market Is Now A Lit Powderkeg
