There is only one trade in global markets right now ...Middle East

Happy 2024.As I look out to the year ahead, there's only one question on my mind. I think it's the only one that matters for 2024 and beyond:Will we return to the 2010s regime of low inflation and low rates?Virtually every market in the world hinges on the answer to that question.In 2023, markets swung between both possible answers. Lately, markets have been signalling a return to the world of low rates and low inflation. It's something that's kicked off a screaming rally in equities and bonds along with a flight out of US dollars.But only eight weeks ago the market was in a very different mood, fretting about stuboorn inflation, high rates and government debt.You can certainly see which one

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There is only one trade in global markets right now ...Middle East

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