That didn’t take long. Remember all of that tough talk from the new sheriff at the Fed? Three interest rate hikes in 2019? Balance sheet reduction on auto pilot? All it took was two tough months in October and December after a decade of historically steady gains and poof, all of that tough monetary policy talk is gone. Turns out the new Fed Chair is no different than the ones before him. Hey ’19, forget about the increasingly nasty hangover of mounting financial instability and geopolitical angst looming tomorrow. Instead, pour the monetary Cuervo Gold into the punch bowl, light up those fine liquidity flows, and make trading stocks today a wonderful thing.
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