The back-up in yields may signal something much greater – the end of secular stagnation.
Buy the dip? Probably, but it depends on whether we get the protectionist or the tax-cutter.
Clinton wins by plurality, but the GOP keeps the Senate and House, and adds governors.
...don’t rule out a bear market if Clinton loses, warns Don Luskin, chief investment officer at financial research firm TrendMacro. “If Trump wins … stocks will drop at least 20% just like that,” Luskin told USA TODAY. “Because markets hate to be surprised and hate it when the conventional wisdom is dead wrong. Just look at the reaction to Brexit.”
Barring an election shock, a December hike seems inevitable. It’s a mistake, but not lethal.