Welcome to the Machine with Stuart Sopp of Current & Anastasia Amoroso of iCapital
RiskReversal Pod
00:00
The Fed's Lag Effect on the S&P 500
I just don't think that we're reconciled, we haven't reconciled that yet because it's not right in front of us. But there is a little bit, it's nothing like 2008, but banks are pulling liquidity out of the market. So I wouldn't be surprised to see some sort of a pullback here. The rosier picture that could potentially emerge is that the rest of the S&P starts to catch up more meaningfully with tech and it's not expensive. People hate cyclicals. We came into the year, short the cyclical trade and that continued to be further short throughout the course of the year.
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