Thursday, June 22, 2017

The Reverse Tepper Moment Looms

...Seven years ago when Tepper made his bold call, the Fed was trying their best to get stocks higher. At that point, no one believed, and it took guts to ride along in the Fed’s wagon. Today, the Fed is trying to keep financial conditions from becoming too easy, and once again no one believes.

As Marty Zweig famously said, “don’t fight the Fed.” Sometimes it’s that simple