Markets' Post-Election Exuberance May Not Be Rational

December 01, 2016   |   December 2016 Bond Updates
Markets often move in anticipation of changes in policy. This post-election market, however, appears to have instantaneously adjusted to what it perceives will be policy outcomes. Such outcomes, however, are by no means guaranteed; some outcomes may take several quarters, others years, if at all. This has been quite a [...]

View more at: http://www.forbes.com/sites/greatspeculations/2016/11/30/markets-post-election-exuberance-may-not-be-rational/
 
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