In any event, monetary policy makers have been rather brushed aside lately, as the new kid on the block -- the U.S. president-elect and his reflationary spend-and-cut-taxes policies -- helped trigger a record bond rout, reinvigorating equities and sending the dollar to decade highs. Bill Gross and Jeff Gundlach are among investors musing that the so-called Trump rally may have gone as far as rationality might allow.
This article was provided by Bloomberg News.