The Fed Funds Rate Moving Higher

The market is underpricing the possibility of a higher terminal rate, maybe even approaching 6%. If you're talking about value as an investment in the economy, well, honestly, I think that we had a lot of people who have been buying textdocs and buying bonds. Because that's not happening, there's going to be turmoil in the markets. So, I think it's better to be in cash and get your 5%.