FAST FIVE: BMO: " We Have Been Struggling With The Question How Long Stocks Can Continue To Rise"
This will come in contrast to fed funds futures which are pricing in a very low probability of any rate hike, and in fact, an element of easing by 2020.
We have also been struggling with the question of how long risk assets can continue to perform so well.
not data which continues to come in below expectations (the economic surprise index remains near 12 month lows).
Moreover, we remain leery of the corporate sector as a result of the shape of the curve.
Although the flattening really occurred last year, the implications of the move come with a 12 to 18 month lag, so this will be the year in which profit compression will become far more thematic.