|UNKNOWN||NORTH AMERICAN - LARGE & ETFs||_N/A|
Educational Segment. The market thinks the likelihood is 18% for a rate hike. He thinks they will go for it this week, however. They have not unexpectedly raised rates since 1994. ’94 was the worse bond market we had for a generation. This will not be similar. It is all about the psychology of how they do it. We will almost certainly get another recession in the next couple of years and Canada and the US will have to go to negative interest rates. Economic numbers are getting worse, but the market has not reacted.
Larry Berman CFA, CMT, CTA
Chief Investment Officer, Partner, ETF Capital Management Inc. http://www.etfcm.com