To understand the financial markets, you need to understand the hierarchy of asset classes.
That hierarchy is as follows:
Globally, the stock market is about $69 trillion in size, trading about $191 billion in shares per day.
The bond markets are well north of $140 trillion, and trade about $700 billion in volume per day,
The bond market is the SMART money and reacts to major policy changes before stocks.
Reference:
http://www.zerohedge.com/news/2016-10-04/warning-bond-markets-are-signaling-something-massive-coming
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