Market Bipolarity: Exuberance versus Exhaustion!
Musings on Markets
OCTOBER 4, 2023
Price of Risk The drop in stock and bond prices in the third quarter of 2023 can partly be attributed to rising interest rates, but how much of that drop is due to the price of risk changing? My assessment is a bit of a cop-out, since they are built on current interest rate levels and consensus earnings estimates.
Let's personalize your content