Both the Clarity Act and Interest Rate Hike are priced in, apparently.
The Clarity Act failing that is, and a 25 bps hike happening.
I am not 100% convinced either of those are true.
If Clarity passes, we should see a massive break out, not a SELL-THE-NEWS. If Clarity fails, then I do expect a pullback to support.
Warsh should NOT raise rates into a Supply …
