Real Yields And The Next Fed Chair: How To Trade The Great Conundrum – Investing.com

Real Yields And The Next Fed Chair: How To Trade The Great Conundrum – Investing.com

George Orwell once said about social hierarchy: “All animals are equal, but some animals are more equal than others.” This is equally true about financial markets, with some markets more important than others.

So what makes a market important?

Size obviously matters, but it's not the only factor. For example, the currency market, by far the biggest market in the world (with daily turnover of $4 trillion), is usually a follower rather than a leader in terms of its relationship with other markets.