For me, the biggest lesson from previous market cycles is that trying to perfectly time the Fed is extremely difficult. I'd rather build a portfolio that can survive higher rates and still have enough liquidity to take advantage when market is good.
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- Shenpwe·09-29 10:02I’d watch the curve and credit spreads first. If those start easing before the messaging does, that usually matters more than trying to read intent.LikeReport
- snipey·09-29 10:02Cash plus short T-bills makes a lot more sense here. Dry powder with real yield beats forcing money into weak balance sheetsLikeReport
