EFTA Document EFTA01451126
(4) Bullish European Recovery. Note: Periphery spreads have collapsed, favor equity and real assets. Bullish SMID cap equities. Bullish Germany (DAX 11,000) (5) Bullish USD. Bearish Euro. The year it finally fumbles (6) Rates — Syr part of the curve should sell off further, short end stays anchored through mid 2015, back end has steepened/fairly valued at present. (7) Inflation — upside risk to inflation long-term given the Fed's tolerance for inflation short-term and the sheer magnitude o
Summary
(4) Bullish European Recovery. Note: Periphery spreads have collapsed, favor equity and real assets. Bullish SMID cap equities. Bullish Germany (DAX 11,000) (5) Bullish USD. Bearish Euro. The year it finally fumbles (6) Rates — Syr part of the curve should sell off further, short end stays anchored through mid 2015, back end has steepened/fairly valued at present. (7) Inflation — upside risk to inflation long-term given the Fed's tolerance for inflation short-term and the sheer magnitude o
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