Dislikedbtw. just on top of this discussion. I think its super important to watch FED next week because Its very clear that we may be setting for a war between TRUMP and FED (yellen) which would add a huge risk-off pressure via monetary uncertainty. So fat both sides are quiet but It can take one tweet in these crazy times. No matter what one thinks of FED - breaking the independency of the most important CB may be poison for the whole system.Ignored
I think Yellen is more than happy with Trump noise and announcements short term. FED was in desperate need of a fiscal push taking over and inflation to kick in to finally (and a bit lagging) end the normalisation process. As things stand right now I will even dare to say I wont be surprise FED overshoot and surprise with a hike rather soon.
The economy is ready, inflation expectations are there but not the actual numbers yet (which is very good from a monetary policy point of view), global (european particularly) risk jitters are still a bit ahead coming early Q2 and Trump populism and random policies will be still subdue market wise in greed mode with large corporations in honeymoon expecting all details on the tax cuts and infrastructure blow out...
Sure later, Yellen and any other technocrat won't last Trump tweet spouts especially when macro and monetary policy recommendations start diverging from his ideas. For now I think we are ready for a double whammy on the fiscal and monetary sides....
sisse
Pending conversations? PM for a chat...I am mainly in OTM now
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