Easing

January 11th, 2019

The end of last year felt to some like the end of the world.

But the Powell’s shift from tightening to easing…

…also bailed out bonds.

Which means everything with a comparable duration just rallied 10%.

Now add in some dollar weakness

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while Trump engages (yet again) in the very American process of checks and balances

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and it could be party on.