And An Even Louder Warning From Goldman: The “Yellen Call” Is Back And Will Limit Further Market Upside
by Tyler Durden
ZeroHedge.com
Jun 9, 2016
With financial conditions having significantly recovered, it is reasonable to expect that the Yellen call will soon be back in the money following the June FOMC meeting. We believe June is largely off the table given the weakness of Friday’s employment report and the UK referendum on its EU membership in June. But we think the July meeting is live, without our US Economics team seeing a 40% probability of a second hike. With equity markets posting new highs this week, we think the ‘Yellen call’ is on track to move back into the money in 2016H2.
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