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ETRACS Monthly Reset 2xLeveraged S&P 500 Total Return ETN
By Joseph V. Amato, President and Chief Investment Officer - Equities
Is the bond market cautious or confused? Is the equity market confident or complacent?
The first quarter of 2019 came to a close last week with an episode that typified the financial market confusion of the past three months.
On Wednesday, following a number of reports that it was on the European Central Bank's agenda, Mario Draghi hinted that it might offer eurozone banks a "tiered" deposit rate, a measure used by other central banks running negative interest rates to mitigate their impact on