The 2016 “Makes No Sense” Yellen Portfolio
It would appear that market players are working under the following Dovish premise:
- Be long stocks because Yellen is a Dove.
- Be Short the Dollar because Yellen is a Dove.
- Be Short Bonds because Yellen is eventually wrong.
It is to bad that Sanders never got around to presenting some strong economists to make his case on the steps needed to reduce inequality. Maybe it is for the best, the market will now be forced to do the whole job.
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