MARKETS: Viva la @42Macro Paradigm C Bull Market Bubble™. It may take a painful pause this summer as the Fed tightens policy, but investors must understand that Chair Warsh and his colleagues are only

MARKETS: Viva la @42Macro Paradigm C Bull Market Bubble™. It may take a painful pause this summer as the Fed tightens policy, but investors must understand that Chair Warsh and his colleagues are only doing this to create scope for substantial easing later—likely starting in 2-3 quarters. — via @DariusDale42

Fed tightening under Chair Warsh, with expected easing in 2-3 quarters, drives market uncertainty.