19.09.2013 - Global macro: Commodities are acting as if rates are going higher
As the Federal Reserve meeting approaches this Wednesday, low volumes and declining interest rates are leading to surprising correlations among financial markets. For investors looking to see the negative effects in assets tied to tighter monetary policy, they can continue looking. Equities are at record highs and investors continue to buy treasuries and sell U.S. dollars. Although it can be said that much of the cut for future bond purchases is already priced in, only commodities look to be acting as if the future holds higher rate...............................................Full Article: Source
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