MM 3 December 2020

 Quotes

Markets & Macro news

The US yield curve is steepening

And so is Germany’s

Same message from Copper/Gold ratio

Sell your long duration bonds and high PE defensive growth stocks

Fixed income investors are buying corporate credit instead

Cheap money is fuelling the equity rally

To the point where some strategists are cautioning about recent moves

Fair enough: the option market says no fear, all greed.

Dollar weakness is key here, but can Europe recover with a stronger currency?

Geopolitics is showing tensions

Themes, Sectors & Corporate news

A lot of good news is priced in already. So back to reality?