PIMCO Links Fed, China, Commodity Deflation & Market ConcernsMark Melin
Noting that scientist Ivan Pavlov trained dogs to salivate in anticipation of receiving a tasty reward, Pavolv’s experiments translate into the current market environment, a recent PIMCO strategy note observed. Investors have become trained to react negatively simply at the anticipation of a Fed rate hike, and the Fed is accomplishing a task that hasn't been successfully executed in the postwar . . .
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