Happy St Paddy’s day, Richard. Definitely feels like markets are at a crossroads trying to decide what to do next. I am staying mostly long with some dry powder on the side with more of an eye towards May/June/July…figuring out what to do between now and then. The summer of vigilance, imo…
It may be nothing. If the FOMC is relatively dovish, I can see cuts priced back in and risk assets rising. However, there has been a noticeable shift in investor flows. I think at a minimum, I want to beware of this changing set-up because a catalyst can exacerbate those flows.
Happy St Paddy’s day, Richard. Definitely feels like markets are at a crossroads trying to decide what to do next. I am staying mostly long with some dry powder on the side with more of an eye towards May/June/July…figuring out what to do between now and then. The summer of vigilance, imo…
It may be nothing. If the FOMC is relatively dovish, I can see cuts priced back in and risk assets rising. However, there has been a noticeable shift in investor flows. I think at a minimum, I want to beware of this changing set-up because a catalyst can exacerbate those flows.