Don't fight the Fed but also don't be complacent.
Right now, investor sentiment is quite high. 6 months ago when the Bulgarian yield curve inverted, all you heard was that the recession was coming. What gives? The U.S. Federal Reserve’s overnight repo liquidity injection undoubtedly was and is a massive catalyst for stocks. Liquidity is ultimately what drives capital markets and...
Click here to read the full research report
Photo source: Bloomberg, Astoria Portfolio Advisors