FLASH: Fed Minutes Not Hawkish, Buy Recent Weakness


Bottom line:  There is a high likelihood that we are within 5-10bps for the low in 10-yr Treasury yields for now and the peak in the U.S. dollar, which should help propel the S&P 500 higher and provide tailwinds for my ongoing preferred positioning themes as stated below: 

My work remains medium-term bullish.Buy the recent weakness in Financials and Value/Cyclical/Recovery/Reflation trades.Sell relative strength in defensive areas — Utilities, Staples, and Health Care (ex...

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Ray: 762896-8f6187-eb4926-f506a5-43e21b