Groundhog Day

Groundhog Day was a film about the same day repeating itself over and over, which has some parallels to what is happening in markets - policy rates higher, curves flattening, equities unfazed, and USD-CNY marching higher. Will this cycle continue or be short-circuited? That probably depends on what market or country you are talking about.Participants:Jason Daw (Desk Strategy), Head of North America Rates StrategyBlake Gwinn (Desk Strategy), Head of US Rates StrategyLori Calvasina (Research), Head of U.S. Equity StrategyPeter Schaffrik (Desk Strategy), Head of UK/European Rates & EconomicsAlvin T. Tan (Desk Strategy), Asia FX Strategist* Research Analyst opinions are their published views, independent of those expressed by Desk Analysts