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A geopolitical shock usually sounds simple: stocks fall, Treasuries rise, gold rallies. Michelle and Vox explain why this episode of market stress has looked different, with oil, inflation fears, and a firm dollar pushing investors toward cash, T-bills, and short-duration shelter instead of the usual long-bond refuge.
By VoxA geopolitical shock usually sounds simple: stocks fall, Treasuries rise, gold rallies. Michelle and Vox explain why this episode of market stress has looked different, with oil, inflation fears, and a firm dollar pushing investors toward cash, T-bills, and short-duration shelter instead of the usual long-bond refuge.