…or to put it another way, here is what Deutsche Bank (DB) believes are the only two “upside risks” for markets – “a smooth start to Fed tightening” and “eurozone growth surprises to the upside.” Other than that, hope that The Fed reverts to old norms and eases, un-tightens is the last best hope for this decoupled, divergent equity market…

Because we suspect this…

Will not end well for stocks… so do you believe in centrally-planned miracles?

Source: Deutsche Bank

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