Well certainly here. If the FED can raise rates then the USD will rise and money will pour into treasuries raising bond prices. This isn't what is supposed to happen but we live in an experiment
Of course if the FED can't raise rates the markets will take a view possibly that the FED has lost control and the USD sinks together with bonds. If that is the case it could mean that inflation and wages aren't rising, possibly dropping. Thus there would be a rush to safe haven assets, like Aussie, Swiss, singapore and Danish bonds and gold.
Each case is a hopeless scenario but we're not there yet.
Better to look more short term for me. A long position on the xjo or the Swiss ssmi look reasonable.
