The switch from bonds after FOMC upgraded the U.S. economic outlook may lead to a “blow out phase for equities,” Jefferies’s Sean Darby says in note. • Lowered expectations of further monetary stimulus, new expectations of a rate rise by mid-2013 caused bond selloff; fixed-income investors “appear to have capitulated” • A simple Taylor rule for Fed funds rate suggests pressure to raise rates is starting; “big risk” for bond markets may be much higher than est. inflation • Base case for U.S. equity market is for period of consolidation on “quite bullish” investor positioning and as market is S/T “over-bought”

Идея в том, что бонды начали разворачиваться, ночью был настоящий сброс. Если это не фикция, то сильной коррекции вниз не увидим, а выброс вверх может быть мощным. Так считает стратег Jefferies Sean Darby.