Broker Check

It's The Way It Is Right Now

January 14, 2022

The NASDAQ started out today down 100.  Now it’s up 36 as I post.  This is what’s we’re going to live with as the Fed does what they should have started a year ago.  That is tightening by, first tapering to $0 the bonds they’ve been buying, selling, and running off their $9 trillion balance sheet, and (eventually)raising rates.  How much of the process has already been priced into the market, -who knows??  We’ve hedged and rebalanced to cushion the process as the punch bowl is taken away.