Research Watch

Great rotation, what rotation? Bursting the cash bubble, the sexy Aussie dollar, Trump and orang-utans, and S&P and the Talking Heads.

This week, the debate surrounding the “great rotation” from bonds into stocks is being re-framed: Gerard Minack argues there was never a big move from equity into debt in the first place, while Ray Dalio describes an unsustainable bubble in cash. But Quartz recalls the bond bubble was forecast to burst each January since 2009, and rates are still near all-time lows. Elsewhere, the Dow theory is about to flash a “buy” signal — although Richard Russell urges caution — while a BofA Merrill Lynch metric suggests it’s time for a correction. Also, the Australian dollar is among the “sexiest” currencies in the world, Donald Trump proves his father was not an orang-utan, and, on video, sing along to Standard & Poor’s allegedly incriminating version of “Burning Down the House”.



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