Replying to Avatar StevenMcClurg

I expect Fed to raise to at least 5.5% before a pause, with no reverse course this year. Inflation will remain elevated
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Chris 2y ago

Fed playbook: Get to 5.5%, hold, and wait and see.

Market: just over here front running the feds ultimate capitulation

Markets can stay irrational longer than you can stay liquid. But also don’t fight the Fed. 2 axioms that seem to be in conflict currently.

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StevenMcClurg 2y ago

This is why risk management is important. Not fully invested with liquidity exits in this environment.

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Chris 2y ago

Agreed. Lots of dry powder. That said I have begun building a commercial re portfolio. Past year of rate hikes has begun to offer some opportunities.