Risk/Reward Still Skewed Toward Risk: Mike Singleton, Invictus Research

The outlook for risk assets is still not constructive (2:40);

Fed rate hikes are very close to a peak, if not there already (4:43);

Economic conditions point to stubborn inflation (7:09);

Inflation may not need to return to the Fed's 2% target for there to be rate cuts (11:00);

The outlook for commodities prices is not particularly constructive either (15:59);

What to make of the banks? (21:14);

One leading economic indicator that Invictus likes, which is overlooked (or ignored) by the market at large (22:30);

The backdrop is still positive for short-term bonds (24:28);

Leading indicators for the yield curve include bank lending standards, which right now suggest a steepening... (26:13);