Hilsenrath Dovish Strike vs the Charts

Markets continue to confound matters as we see the reaction from Jon Hilsenrath's latest article.  Record highs in US stock markets, 6-year highs in consumer sentiment, 6-year lows in unemployment and 2-year highs in bond yields--the Fed ought to scale down monthly asset purchases, by at least $5 bn this year (even if it is symbolic) to account for the change in fundamentals over the last 6 months (and not the last 6 weeks). Full chart & article here

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