We have a Grey Rhino here - Markets are always driven by Ignorance
We have a Grey Rhino here. 3 problems investors are ignoring:1. The US long-term bonds have hit new lows
2. The yield curve has been inverted for two years now, and
3. Inflation remains uncertain, meaning interest rates may not ease at all.
Yet, stock markets are reaching new highs.
We have a "grey rhino" in this market. A grey rhino is a large and visible animal that cannot be ignored. Try not to get too close to them because when they start charging, we can never outrun them.
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