The Fed is the lion in the central bank jungle, and the bulls demand the Fed surrender to their demands. Once again prices are near important levels and the Fed has never allowed the market to be disappointed. Easy money!

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The Bulls request one thing. Sugar!

The US 10 year must not get too high. Corporate debt (HYG, JNK), unemployment will all be knocked down for the worse.

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A high US dollar hurts emerging market debt (EMB) and hurts demand for China.

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The Fed just has to hang on to let this rock and roll party to continue. A high debt and low interest rate hang over would be a decade of massive deflation which is to be avoided at all costs.