The Drum Beat Grown Loud, and the Market Friaked Out About It

Risk premium is the amount of return one gets for parting with cash and buying an investment. Equities have it, bonds have it, gold has it. And what i would say is that the entire, almost the entire move in the last week has been on risk premiums going up. It's when risk premiums go up, multiples contract. And its consistent and equities going down,. whichand if it were growth that were the driver, instead of res cramiums, equities would have gone up, but they didn't. They went down. So i'm convinced that there's been a knee jerk bringing forward of quantitative tightening to to day, as if it was happening to