Kestrel (John Wraith) is a character appearing in American comic books published by Marvel Comics. (wikipedia)
The market is probably a little bit oversold. If the numbers are at all soft, there is scope for a decent rally from here.
There's certainly an air of crisis about the market. People are piling into the market and it's difficult to know what the end-game in this is.
Most sentiment indicators have been upbeat, but we'll have to see some growth data to back this up otherwise confidence will start to suffer again. We will probably see yields start falling after the middle of the year.
While people are trying to price in the end of the rate hike cycle, it's a bit premature to do that. In yields, the trend is up at the moment.
