High stock markets 'disconnected' despite fears
Stock markets are 'disconnected' as they remain at near record highs despite surging bond yields and the outlook for interest rates and geopolitics is starting to hit market sentiment, a top strategist warns as the Australian market has its worst two-day fall in six months.
Welcome to the Trading Day blog for Tuesday, April 16. J.P. Morgan’s chief global markets strategist, Marko Kolanovic, dialled up his bearish view on stocks.
Australian shares dived amid a regional selloff after the US market was hit a renewed rise in bond yields after stronger than expected retail sales data.
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