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Do You Think the Fed Is Hiking?
The question for the fed next year is not if they're hiking, but what they're hiking at relative to market pricing. And i think that's kind of what the dollar has leaned them to, right? The dollar has leaned into, ok, their hiking. And it's more likely that they hike more than less. Now i think we're entering this kind of interesting period. I think is especially relevant for emerging markets where i'm not convinced the next height is actually dollar positive. We've seen this pretty significant dollar alle specially since three. But i think what's interesting now is if you get to if the market goes from three to four, there are few interesting externalities. One