YWR: The Smell of Consensus

Disclosure: Personal views only. These are not investment recommendations.

What does everybody know?

• Everybody knows inflation is too high and the Fed is going to raise rates to 3-4% to try and get it back closer to 2-3%. The Fed dot plots tells us this is what they are going to do.

• Everybody knows that for the last 13 years Central Banks have been press…