Mark Prout and Risk Management Suggest the Risks of Doing Too Little

The FOMC raised the federal funds rate 75 BIPs, which was no surprise to anybody. But then there is a little bit of lingo in the statement that most people interpreted very quickly as, hey, this is bullish and so the markets responded bullish. "I'm positioned very bearishly, I'm shorting lots of things in the market right now," Nico says.