Don't fight the FED & Don't fight the tape - Charlie Aitken

Don't fight the FED & Don't fight the tape - Charlie Aitken. Last night the FED confirmed we are at the beginning of the end of free money. This is a major trend change event in global markets. I completely disagree with commentators who think the equity market, but particularly high yield parts of the equity market, will be able to cope with the normalisation of long bond yields and cash rates. There's absolutely no doubt in my mind that: the USD will rise sharply; long bond yields will rise sharply; high yield equities will underperform sharply; and volatility will rise sharply. You basically need to turn all the performance charts last 3 years upside down and that tells you what to sell and what to buy.