Higher rates along with a higher U.S. dollar could be as disruptive to global markets as the reversal of the correlation between stocks and bonds in February, according to JPMorgan Chase & Co. “The relentless rise in U.S. 2-year rates and the recoupling of the dollar with interest rate differentials” is an “unhelpful development which has both fundamental and technical origins,” Normand and his fellow strategists said. “Global markets continue to signal more risk than opportunity this spring” despite impressive earnings, with widening credit spreads and a near-total retracement of 2018 losses by the trade-weighted dollar. …read more
Source:: Yahoo Finance
