Bullard Knows Something
The 'Bullard Incident', policy normalization corrections, and what about housing?
We are releasing this note early to this week due to a major change in our outlook. Today is options expiration, the quarterly S&P rebalance, FTSE indices and sector ETFs rebalance as well. The annual Russell rebalance is a week from today on the 25th. We are not enamored with making tactical changes into index events, but wanted to release the change i…