In the fixed income space, the most hated area of the bond market has been long-duration Treasuries. In the equities space, the most hated area of the stock market has been emerging markets.
In the commodities space? It's been gold. Historically, gold tends to do well in negative real rate environments. The collapse in bond prices, concerns over European gold selling to raise cash by government institutions, and fears over India's demand for the precious metal has caused many to aggressively sell...............................................Full Article: Source
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