NFTRH; Post-Yellen

Today I did something I rarely do and listened to nearly the entire Yellen speech.  The reason I usually don’t listen to these things is because I don’t want to get caught in a mental whipsaw if markets start reacting to the jawbone du jour.  But considering that in March alone the FOMC meeting (ultra dovish) and the subsequent clown show (hawks in drag paraded out just a week later) I felt that I needed some signals from Yellen.

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Janet Yellen

[edit] Ah, she just mentioned the high "debt to GDP levels" in the Q&A.  Thank you sir!  Point made. She just jawboned QE 4, which is why I decided to…

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Bulls Still Wear the Dunce Cap

I assume everyone sees the topping pattern on the S&P 500.  It is the Dome (AKA Dunce Cap) we have been following since mid-2015.  The most bullish thing about this…

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