Beware the "Dovish Right Tail" crash-up scenario...
That's the warning/possible-scenario from Nomura MD Charlie McElligott as he notes: "many clients I speak to believe that both Stocks and Bonds have over-extended / "too much, too fast" into the start of '24, with widespread expectations of a "healthy pullback" SOON..."
Stocks and Bonds have indeed soared over the past few months driven by the triple-whammy dovish shift of:
