Is the Federal Reserve a Good Place to Buy Risk Assets?

If we get a substantial decline in inflation then I think that's maybe the most compelling argument I've seen if we look at historical patterns. The last time we had sort of a similar sentiment it was probably just after Lehman in September 2008 and I don't recall the exact numbers by heart but I mean equities dropped like a stone in the period after that negative sentiment survey. For now as long as we have sort of know mayhem directly in the treasury market we still have a decent functioning liquidity in both the short end and the long end of the treasury curve so you need to position for a meltdown before the pivot happens. That is why I've designed my portfolio to have a very small sort

Transcript

Play full episode

Transcript

Episode notes

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!

Get the app