Steep Bears

It increasingly looks like there's a mammoth bear steepening starting in the US. (Meaning people are going to sell off the long-end of the curve, forcing rates higher).
This is happening because people are reasonably confident about growth short-term, so they think QE is less likely. They are going to be mistaken about that, but whilst they are doing that, equities will do well.
If you are not invested the next few weeks, it's going to hurt. But getting in here is risky.