The beginning of the great unwind or just another Tantrum ???
The week of the 9th of September was a very eventful one on the global financial markets. Although you would not suspect anything major happened in the US equity markets for instance - the SP 500 was up barely 1% on the week - things were far more dramatic under the surface. Indeed what was the biggest weekly rise in the US 10 years yield since 2016 US election day, triggered a massive unwinding of the Growth to Value trade. We will take a deep and thorough look at what actually happened during this week, to assess whether it was a one off event or the beginning of the long awaited (by some at least) Growth to Value shift.
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