The Fed Tightening 15 Months of Raising Fed Funds

The Fed's tightening 15 months of raising Fed funds, 500 basis points. And we're going to just walk right past that and have a recovering stock market with any impact. I don't see it happen. Why are we here though? Then why are we here where we are now? We are here because of multiple expansion. The average stock has not worked out this year. Granted, transportation will do well because the airlines have huge pent up demand for travel services. That will continue. So my view is where I am an asset allocator and a money manager. But I could find opportunities in many different sectors right now.