Warsh is laser focused to crush inflation as he reminded the world that inflation has run above the 2% target for 5 straight years.
There maybe an interest rate hike later this year as Warsh seems intent on the higher for longer baseline.
What should investors do?
Buckle up as there will be volatility ahead. With short term Treasury yields spiking & VIX climbing, the market has to adjust to the reality of an unpredictable hawkish Fed.
Nonetheless the good news is that the market will rise over the long term. My tactical strategy is to continue to dollar cost average into $SPDR Portfolio S&P 500 ETF(SPYM)$ & ignore the short term macro noise. With an ultra low expense ratio of 0.02%, SPYM represents 500 of the best US companies in just 1 trade.
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