The Fed's Goes Too Far

There's a lot of smart people on both sides of the trade. Some that are saying the Fed's gone too far, right? They were too hawkish at the wrong time. And now we're on the other side of this and you have commercial real estate and regional banks under pressure. So I think just a little bit of exercising caution when there are a lot of unknowns on the macro side is one thing. It's just hard to predict or know what's going to happen there.