MACRO Macro : Bullish and Bearish Analyst Opinions

1. THE FACT: Waller is another top contender for a Fed role. He is a current FOMC member and leans strongly dovish, yet would represent continuity. 2. THE BRIDGE: A dovish Fed member like Waller in a key position could signal a more accommodative monetary policy, which is generally bullish for risk assets. 3. THE VERDICT: Waller, a dovish FOMC member, as a potential appointee could be a bullish catalyst for the market.

1. THE FACT: There's a next macro catalyst after the FOMC that is a bullish catalyst the market is currently ignoring. Potential choices for a new Fed appointee (Hassett, Rieder, Zervos) are mentioned, with Hassett being most likely. 2. THE BRIDGE: The market is currently stressed and not pricing in this potential bullish macro catalyst, suggesting an opportunity for upside once attention shifts. 3. THE VERDICT: Bullish macro catalyst (potential Fed appointee) is being ignored by the market, suggesting future upside for equities.