Comment / 'Safe havens'

ID 1247429 © Michael Klenetsky | Dreamstime.com

The best things often come unannounced.

Who the heck said that?!

When I wrote…

In ’Restocking ahead of a mighty market crash?’ earlier this month, the time horizon I had in mind certainly wasn’t as immediate as ’later this month’.

And in fact, yesterday’s headline-grabbing US inflation numbers…

… were just the first sign*, I reckon, of how risky capital markets can be at this critical economic juncture. The stronger the economy, the higher the risk that fed funds will comply with a less dovish stance.

(*Also: ...