The Traderszone Network

Published in TZ Latest News 11 March, 2015 by The TZ Newswire Staff

Deutsche Bank Asks “Is The S&P Ready For Rate Hikes?” (Spoiler Alert: No)

Despite plunging macro data and stumbling earnings expectations, Deutsche Bank’s (reluctantly less sanguine) strategist David Bianco notes that ECB QE, and a still accommodative Fed managed to push the S&P to 2100. However, as he explains below, policy normalization risks remain, particularly for the dollar and long-term yields. We don’t see a quick recovery for oil prices. Strong job growth and falling unemployment despite still slow GDP suggests that Fed hikes are on the horizon and likely strengthen the dollar further.

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