Nice context for SP500. My guess : Market will react to anticipated effects of Fed, mostly forgetting potential downsides (optimistic) in anticipation of cash floods from "somewhere" (I tend to agree with that). Fed will move based on data-driven core inflation, with intent to stay hard longer, but "somewhere cash" will make it harder. Treasurey (all departments) will spend, but not as easy now? Foreign - still believe the US will pay its debts (sure - but inflated dollars, as there is NO stomach to reduce [debt, deficit]s). Time for roll-over to non-US (after flight-to-safety last 3 years), starting with most stable [EU, Japan] until [India, China, Brazil, etc] become noticable in 1 year. The USA hasn't driven flobal economic growth for <20 years and won't now unless newer Computational Intelligence (CI) kicks in (but only high-value fringe - China dominates new stuff).
CryptoBoj
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@Bill_Howell, Thanks for the fundamental input. The combination makes us rock!