Concentrate – this may get tricky
“This too shall pass” – medieval Persian poetical saying. The Big Money (Sovereign Wealth Funds, Global Pension money etc.) invests primarily on the basis of Currency – they first select the currency they wish to invest in and THEN the asset class that they prefer, according to their risk tolerance… It is the ebb and flow of this gigantic amount of money that creates Capital Account surpluses and deficits, which in turn can move interest rates and thus currency values themselves, in a feedback loop. Global Capital moves to where they feel safest, and at times they all seem to agree on a preferred course of action – this may be one of those times.