U.S. bond fund flows rebounded last week, helped by renewed doubts that the new administration will succeed in implementing its reflationary policies.
The hope and hype that came in the first few weeks after the election didn’t seem to meet the ready cynicism about campaign promises not translating to active policy.
Investors are reevaluating their optimism around President Donald Trump’s fiscal stimulus.
Lack of pro-growth policies by the Trump administration has all but erased any gains the dollar has made.