From the usually pretty good James Aitken via the AFR:
The rout in the bond market that was set in motion well before November 8, Aitken says, has further to go; as does the rotation out of bonds, and bond-like stocks, into stocks.
…If rates continue to rise, the so-called “expensive defensive” stocks are set for further pain, as too are certain tech stocks that had been propelled higher by heroic assumptions of persistently low discount rates.
