Dear Reader,
Today ends the all important Federal Reserve meeting and we can listen to Chairman Janet Yellen's press conference. I expect in a span of few days after the statement and press conference risk assets to sell off. Technology and biotech stocks will suffer the most, while emerging markets could be affected as well. Utilities and Telecommunications should lose value as well. Some names to sell short are Tesla, social media stocks. I expect gold to counterintuitively lose value aswell.
Basically, I expect hawkish tone from the Federal Reserve. Treasuries and eurozone bonds should sell off also.
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Conflicts of interest: I may possess some of the securities or currencies mentioned in the blogpost!
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