I think we need a ‘rant indicator’.
It’s not just looney tunes like Rick Santelli ranting about the Fed anymore.
This week, Stanley Druckenmiller went on a rant at a conference saying the Fed
The pressure inside the Fed is also building with the hawks growing increasing vocal.
Now we’re seeing research notes like this:
Ultimately it happen and it will be bullish for the dollar but I don’t think you can make the long-term trade until Yellen (or perhaps Dudley) shifts his or her rhetoric.
