Cardboard Posted November 24, 2016 Share Posted November 24, 2016 Since the election of Trump, the move in the stock market, treasury market, USD, copper and some other commodities is huge. I have a really hard time explaining all of this purely based on the election of one guy who is not even in office yet and some campaign promises. The stock market will go into weird gyrations sometimes but, the bond market tends to be led by more cautious people. The TLT ETF is down 16% since its peak in July and 7.5% since Trump election. So I would think that there is something at work that is bigger than Trump (or Hillary) and that was already in place since the peak. I see no real change in economic growth rate since July. Do you? As value investors with our reversal to the mean thinking we often brush aside things like that by saying that the bond market simply returned to the level of a year ago. However, we can't dismiss that this was a really big and sharp move with $100's of billions of losses indicating possibly something very different in the not too distant future. Cardboard Link to comment Share on other sites More sharing options...
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