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  • November 14th is in the books on Wall Street

  • and it is a day characterized by investors continuing to reposition after Donald Trump's victory in the US presidential election.

  • US treasuries along with other global benchmarks sovereign debt continue to sell off on Monday

  • as the prospect of tax cut and infrastructure spending are increasing expectations for US growth and inflation, pushing rates higher.

  • The probability of a rate increase by The Federal Reserve when it meets in December

  • is now at 92% with analysts beginning to question

  • whether rapidly rising inflation expectations and a steepening yield curve may push the Fed to raise rates more quickly through 2017.

  • In equity markets the S&P 500 edged slightly lower, curtailing its strong rally from last week which ranked as its best in two years.

  • The US dollar continue to climb also spurred by rising growth expectations.

  • A strong dollar in turn is weighing on oil markets and Brent Crude slipped below 44 dollars before stablizing in the afternoon.

  • Doubts over OPEC's ability to agree, supply curves continues to drive prices lower.

  • And that's the New York Minute.

November 14th is in the books on Wall Street

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B1 FinancialTimes inflation continue rising growth dollar

Investors continue to reposition

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    Colleen Jao posted on 2016/11/17
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