Goldilocks Fights the Resistance

Mar.15 — Another week of weakening economic data, another weekly gain for risk assets. Fundamentally, it sort of feels like a Goldilocks-is-back vibe. Important economic data this week — retail sales, durables — has been decent and better-than-estimated, but the inflation data has been tame so there’s nothing to derail the notion that the Federal Reserve is on hold for the foreseeable future. Ergo, no reason to sell bonds and send rates higher. Northern Trust‘s Colin Robertson, RBC’s Craig Bishop and BlackRock’s Jeffrey Rosenberg sit down with Bloomberg’s Jonathan Ferro to discuss just how long the market friendly environment will last.