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One of the most dear things about hitting on a network market is that the United States government bonds don’t make me a scale. This is not a good sign.

Normally the treasures of Yin to strock ‘Yang. When stocks beat, cakes generally jump when investors were in secure shores. They are known as the “dangerous life” after all. This is a machine that has helped many different workers in the ages, with unusual exceptions.

However, the stock stock stock market, however, the action of the Balachin is not very active. American stocks are still a toilet is a vastral for this month so far, and we are still in the middle of March only. We’ve dropped 8 percent from the middle of October. At the same time, the bond prices took the time of this year, but not very unlikely. Unsuccessful Sandchmarks 10-US Year were in the same position as in the end of the last month.

This tells you this is a surprise. It’s not the economy, a fool. That enables to repair. The American Economic Points are still bad but bad, they were indeed not afraid of the market to discipline. In American inflation slides behind 28 percent In June, the sign that the economy is slightly less but not the same.

But it is not exactly what happened investors. “We sell American treasures as we speak,” Michael Strobaek, Officer “We go through the painter now.” This is a very stage. This time last year, strobaek was talking about “geosttergic“Trying to buy and hold us in stock. At the end of this year he was still there – special American areas.

The American economy did not change the mind. In that area, that is what he calls us to the opposite of President Jan and was the treatment of Danald Trump of the Ukraine Voodmyrmyr Zelenskyy in white days later. Now it was a threat to our billing against Mexico and Canada. “Of course they still beat this sigemn,” Stcbaeme said. Now he jumps into stocks and tie with money instead.

Sometimes, flying keeps flying with a plan that measures Trump’s Government will hurt the real economy. The rich Americans are exposed mainly to stocks quickly, so this will hit them in pocket. Companies will restore the use of money, if they can randomly and painful. Intensive investors to investors, uncertainty makes it very difficult to make friends with reward with confidence that has a belief that has confidence in quitting Flying flying.

The idea is scared. Trevoum, the head of an announcement and animest of his animest, works a few times in a market he saw. This time is the music just arrived there (or down I think) by taking care of the children of Lehman Hedge in 1998.

Also, the pointing spirit is not the economy that hurts here. It is a billing, geoopotics, uneasiness in order to do damage. And “middle banks don’t have to you for that”. In other words, Federal Muelli will not go riding on the rescuing, for example, a covid disaster five years ago.

If investors believed that Fed would fly with a white horse to cut the prices and correctly repair than today. In that area, carriers are looking forward to growing slowly, a higher victory for the future that funds cannot be easily corrected.

Don’t leave the terrorist short to change this position around. To cross a different personality for US President, intervening from a big person in the room or suddenly there is nothing strong and stop rot. “We are in a falling place of lines,” says Rubaham.

An asset writer scott message the White House is temporary pain for a long-term interest. Wall Streetweights from Goldman Sachs and Blanocktone was this week has praised strong potential of lunch fees. I have whatever they have.

Even if the system wanted to pressure feeding the dead, which would penetrate the inner bank in central bank that would worsen to a bankruptcy bank that could make it unseen.

Everything has a price, and temporary veins decrease in the world’s mass. Sometimes, American stocks are expensive enough to fit to the household hunters. But in the Purchase Payment Payment section in 13 compare with 17 times in Europe, it is difficult to argue. The fund managers are left by a serious reason for hope. US immigrants may not be noticed 200 horses to a suitable champagne of French after all.

Katie.martin@ft.com