The Song Remains the Same with Alfonso Peccatiello of The Macro Compass
RiskReversal Pod
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The Muscle Memory of the Market
The main thesis back then was that this higher for longer mantra would only be in reality higher until something breaks. Markets are just so used to buy the dip and rally and kill volatility whenever they smell the Fed reserve is pivoting, right? The market has been trained for 10 years to do exactly that. And we ended up through the Fed tools calming down this very idiosyncratic liquidity stress. It wasn't the systemic stress at all, but it ended up stimulating the Fed reserve to intervene again.
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