Rising Interest Rates Could Push Markets Much Higher

Rising Interest Rates Could Push Markets Much Higher

When Donald Trump was elected as the next president of the United States last week, is fair to say the equities acted in a rather unexpected way. After dropping by nearly 1000 points overnight, the Dow Jones industrial average traded up the following day before going on to make a new all-time high by the end of the week.

See: JHL Capital’s James Litinsky: A One Percent Rate Hike Could Cause A $10 Trillion Crash

While equities were rising, so were bond yields and they continue to do so. According to research from JP Morgan, the rally in bond yields since Donald Trump’s election has wiped $1.2 trillion off the value of the...