What is the similarity of a bum and the Fed decision?
What is the similarity of a bum and an opinion on the Fed interest rate rise? Everyone's got one! So instead of maintaining the deluge of drivel about the Fed and their possible rate rise, I will propose a few charts about our global growth expectations and let the Fed decision come and go. Look what has just happened to our U.S growth expectation model in the chart below. We are now bullish U.S growth again, closing our short position and we are now long the S&P 500 with 3% of the portfolio. Read more... (VIEW LINK)