The Times They are a Changin’
Happily Ever After
It’s different
Darkest Before Dawn
Bond markets ahead of equity mkts by 6-12months. 10yr Gsec yields have eased from 8.20% to 6.5%. Will equity mkts follow this time also with a lag? Credit premium at elevated levels.Risk aversion is high. It’s always darkest before dawn. pic.twitter.com/mng74uA1u7
— Pankaj Tibrewal (@pankajtibre) September 17, 2019
First Principles
