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Surveillance: Fed in Focus with Carpenter

Bloomberg Surveillance

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Tesla Shares Don't Respond Even After Massive Sell-Off

The concept of idiosyncratic across every company that's reporting is a little bit of a misnomer in general. Part of the fact that we created so much liquidity through fiscal and monetary expansion over a couple years to fight the pandemic means that the other side of this unwind is a process as opposed to a shock. This is all part of the process. And frankly, when you look at the longer term, it's better that it's going to take a while than more sort of near-death experiences like last month.

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