Market pulled back with global sentiment after US Fed flagged a step up in their outlook to rate rise. Credit is where credit is due. US Fed has taken a beating from every pundit on the rate of change while history will treat them well as they have achieved their recovery goal with limited fiscal support and weak global recovery. Not happy Yellen was on the front foot to claim the win and also set the scene clear that fiscal stimulus is not necessary for the recovery to continue. Bring it on JY!!! Finally we are headed to normality in rates and growth will get rewarded while quality sustainable yield will still have a place in your portfolio. For the full report… (VIEW LINK)
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