Weekly Market Indicators, March 21
Equity Risk Premiums at a very unattractive level for those looking to reallocate, will need to see upside before any major institutional resurgence of liquidity. Argument against is that there is no other place to hide.
Bond and equity volatility telling completely different stories. Historically, equity markets “catch up” with bond market signals.
Strong economic data, change in Fed rhetoric, and forwards markets all imply a 50 bp hike at May FOMC.
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