That's The Way It Goes, But Don't Forget, It Goes The Other Way Too
RiskReversal Pod
00:00
The Fed's Levitation of CPI
The job market is still extraordinarily tight. Wages still stubbornly high and I think that works to the Fed's detriment. We haven't seen a meaningful sell off in the S&P 500. At some point, we're going to have a five to 10% tell off this year. And all the ingredients that we just mentioned could be that perfect cocktail for it.
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