Thanks to Friday's "good" news, the (non-equity) market has priced in just 5.86 months until the first Fed rate hike - this is now the soonest expected level for 'tightening' since April 2010...
and judging by stocks since Friday morning, the gap between fundamentals and stock prices are starting to converge...
[2]
As The Fed's "confidence-inspiring" wealth-effect appears to have broken...
[3]
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If stocks discount six-months forward... bulls may have a problem
Charts: Bloomberg
