Why investors should be wary of New Year ‘head fakes' that may be pointing at this asset class

The first trading day of the New Year is setting up as a challenge to the Santa Rally theory, as stock index futures tilt south and bond yields rise. Now investors are waiting for the minutes of the Federal Reserve’s last meeting due on Wednesday and the U.S. December jobs data on Friday.“Data that comes in too hot will kill the idea of rate cuts starting as soon as March, and data that comes in too cold will kill the idea of a soft landing. It means Goldilocks must return from her Christmas trip to Aruba a ...