The so-called 'Trump rally' has seen US equity markets set new highs, as low volatility suggests growing investor complacency.
Likewise, US corporate bond spreads are approaching the post-crisis tights set in 2014, as yield-starved investors try to squeeze every basis point out of the market. Some investors have recently begun...
The US dollar is close to peaking and the risks now seem to be on the downside.
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