“The Bear Market Is On Hold”: Deutsche Bank Throws In The Towel On Its Treasury Short
zerohedge.com / by Tyler Durden / Apr 9, 2017 6:18 PM
Six months ago, Deutsche Bank’s Dominik Constam – who roughly one year ago was lamenting the trendy at the time “secular stagnation” theme as an example of “capitalism in crisis” and was blasting negative rates as the “failure of globalization” – turned from prominent bond bull to bond bear, predicting a sharp jump in Treasury yields as the Trump reflation trade picked up traction and as Fed tightening accelerated pace.
Fast forward to this weekend, when Konstam became only the latest bond bear to throw in the towel on his trade reco, and as he abruptly writes in the latest edition of DB’s Fixed Income Weekly, “We are revising our forecasts lower – the bear market we expected to continue through 2017 seems to be on hold mainly due to the lack of progress on structural tax reform and we do not expect that to change anytime soon.”
In short, the “bear market is on hold” with the stated reason Trump’s failure to enact his proposed fiscal stimulus. Now if only somebody had warned Wall Street’s brightest and best paid minds just one week after Trump’s election that the president’s plan to “make America great again” was not going to happen…
In any event, here is Konstam explaining why he threw in the towel.
The post “The Bear Market Is On Hold”: Deutsche Bank Throws In The Towel On Its Treasury Short appeared first on Silver For The People.
Source: http://silveristhenew.com/2017/04/09/the-bear-market-is-on-hold-deutsche-bank-throws-in-the-towel-on-its-treasury-short/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).