Fellow Board Members,
I have very belatedly interpreted the quantitative tightening by the Fed to be equivalent to an increase in bank reserve requirements, so that the Zweig Fed model is now a strong sell. This makes the overall Zweig supermodel a Sell, for the first time in well over 10 years.
Thanks Tex. Could you please explain to everyone what Zweig's Fed model and Supermodel consist of, and therefore, why they are both SELLs at this point? Thanks.
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Posted by: sarah_oz@yahoo.com
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