Safe Haven Assets Are Starting to Look a Little Different
Faced with terrorist attacks in Paris and the possibility of an interest rate liftoff at the Federal Reserve, investors did something unexpected. They avoided rushing into traditional safe haven assets such as U.S. Treasuries, gold, and the Swiss franc.
The lack of a notable flight by investors to the usual defensive portfolio positions suggests that the perception of haven status has changed. As markets move toward Fed liftoff, possibly as soon as next month, a debate is picking up, not only about ...
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