If rates keep going higher, that will pose some problems to sizeable chunks of the stock market, particularly financials and other areas that are interest-rate sensitive.
More Quotes from Carlos Asilis:
Are we going to break up or down It's hard to say at this point. What is becoming clear is that buying volatility may not be a bad thing.Carlos Asilis
Yes, it's an unambiguous positive. But in terms of its overall importance, it's only marginal.
Carlos Asilis
The story is clearest in the natural resource area. They import a lot from resource-rich countries like Brazil and Chile. It's no mistake that those are two of the top five performing markets in the world this year.
Carlos Asilis
There is a risk that if China liberalizes the foreign exchange system when the banks need to be recapitalized, there could be trauma in the system. My impression is that the Chinese are going to be as gradual as they can.
Carlos Asilis
Whether retail money is going to rotate back into the market in a huge way is the key. My guess is it's not going to happen.
Carlos Asilis
By introducing noise, they hope the adjustment will be smoother.
Carlos Asilis
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