December 2016 CCPM Forecaster Opening Statement

Opening Statement from the December 2016 CCPM Forecaster

Originally published on December 4, 2016

There have been several key developments since the November issue of CCPM Forecaster was released.

First, Donald Trump pulled what most have labelled as the biggest election upset in US history, although we believed it would be a close race.

Ever since Trump won the election, the global capital markets have been very volatile. Most currencies have sold off while the US dollar has rallied to new record highs. Investors have sold US Treasuries in mass as they anticipate a rate hike by the Federal Reserve during its December 13-14 meeting as well as a faster pace of rate hikes due to their early interpretation of Trump’s view on economic and monetary policy.

Trump’s election victory has also