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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