By Chris Becker
So the central banker talkfest in London, plus an incompetent (and cruel to be honest) Republican administration is not giving risk markets any confidence which sold off sharply overnight. Stocks and Treasuries fell as Janet Yellen confirmed the Fed’s resolve to hike, while the USD dropped against the majors, with the Euro given another boost as European bonds also sold off.
Sell in May and go away? Maybe…