Is the Fed Overreacting With a 75 Basis Point Hig?

We maintain that inflation will resolve on its own as distortions fade, and that the fed has over reacted with 75 basis points hike. This over reaction and subsequent, but large, unrelated decline and inflation will likely result in a pivot, which is positive for cyclical assets. We're not expecting anything super dovish, but just not to disrop the market,. Not to cause thi sort of financial, financial crisis with some very, very hawkish, hawkish move. It's not a ceep part of our teaces that we expect some sort of major pivot understood.