Few Understand This
Lead-Lag Live
00:00
All Weather Isn't a Hard Landing
I find it hard to believe that all weather doesn't as an approach work again. A soft landing requires a degree of precision, which I think is hard to get. We can criticize the Fed from here until tomorrow but they're not stupid. You can be bullish and bearish at the same time. It just depends on your time free. When QE3 came out in September, I think it was September 13 of 2012 when zero-straight policy took place. That cut off a lot of the fat tail of S&P returns for the pre-QE period.
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