Rates have been soaring as the market braces for fiscal stimulus under a Trump Presidency. But with no clarity on timing, scale, and financing, the spike could look a little overdone. Looking for some thorough analysis on this, the report below came to us through our Contributor network as 'The best Strategy piece since the Election'. Authors Viktor Shvets and Chetan Seth of Macquarie Securities, write that in 2017: “Neither bonds nor equities are likely to be unidirectional; nor is it certain that bond yields will be higher. In the absence of a robust merger of fiscal and monetary policies and tighter global co-ordination, it is not clear that the cost of capital can actually go up without causing disorderly volatilities.” This quality, in-depth analysis is a must read for any investor wondering if recent market chaos continues into 2017.