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2017-04-20 — reuters.com

Stocks, bond yields and the dollar are all falling, yield curves are flattening and sterling is marching higher. The "reflation" trades of 2016 that were supposed to mark a turning point in global markets are fading... it is now unraveling, in large part due to a clear slowdown in U.S. growth and signs that global inflation is leveling off.

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What is clear is that much of the conviction with which investors went into 2017 has been lost. This week, Goldman Sachs ditched its long-standing bullish call on the U.S. dollar, and Deutsche Bank did likewise with their gloomy sterling outlook.

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