Founders: ZH says Yellen is Likely Going to Goose Stocks Again
VERY GOOD ACTIONABLE ANALYSIS
Note: This is credit/Fed plumbing stuff, and core to why we have read ZH as far back as 2010. He’s translating the Nomura/McElligott stuff here, which is a hybrid of bond and option analysis. Very quanty. We summarize it first
TL; DR
ZH and Nomura feel a bullish liquidity event is not properly priced into either the stock or bond market. The concept beh…