In a blog post entitled: Signals Through the Noise, Citigroup CEO Jane Fraser noted that we are entering a new phase of globalization. One less defined by cooperation, and more by strategic self-interest. She posited that long-held assumptions are being challenged, not just by tariff announcements but by a deeper confidence shock.
If you’re looking to markets for clarity, you might be a tad disappointed. But if you’re looking for signals, they’re everywhere. Treasury yields rose even as equity markets wobbled. The U.S. dollar, typically a safe haven, has weakened at moments when it used to rally. That tells us something deeper is going on — investors aren’t just pricing near-term risks; they’re reevaluating the credibility of long-held certainties.
This post originally appeared at Pro Trader Today.