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HomeFed-speak: Ease Air Out of Bonds – Support Equities
Posted by Larry Doyle on May 20th, 2013 9:38 AM |
“Don’t fight the Fed.”
While the fundamentals of our underlying economy bump along with continued structural headwinds and fiscal support from Uncle Sam remaining anemic, the Federal Reserve’s QE-infinity remains the underlying cornerstone supporting our markets.
With equities making new highs and high yield bonds trading at stratospheric levels, recent pronouncements from Fed officials strike me as looking to accomplish two goals: (more…)
