If anyone ever wondered what the drives the market, the last few months has proven it is the perception of Fed policy. The Fed made policy and communication errors in 4Q/18 that caused a 20% market swoon, while a dovish pivot in early January caused a reflex rally that has erased a large part of the damage. If you agree the perception of a more dovish Fed is driving the market higher, then a bullish intermediate-term stance should still be in order given those issues that have kept investors fearful are the very things that should keep the Fed trending dovish.
Sign up to access the rest of this content!
This content is not available to free users. Sign up for a paid account to access the rest of this content.