Surveillance: Tchir's Fed Forecast
Bloomberg Surveillance
00:00
The Fed's Decision to Hike Into a Lie
I think we're going to see this rotation where the laggards get bought, part of it driven by some of the index rebalancing that's going on on Friday. So you want to own the Russell 2000, and I think you'regoing to see some underperformance. The unclear of it all redounds to nominal GDP, a statistic for real GDP, plus the inflation overlay on top of it. Though for the next three to four months, I really think the Fed's a non-factor. They'll hike into a lie, and then that's about it.
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