If you listen to the Fed, this is what you will hear: There will be no pivot! That is, they are not planning to lower rates any time soon come hell or high water. Each time there is a mini-hiccup in the global economy or the markets, many look for imminent signs of a pivot…but all we get is a string of Fed speakers who march out to say that they will keep interest rate hikes going for now, and there is no reason to worry about financial stability despite a cratering stock market and evaporating 401K balances.
Despair no more! Believe it or not, the mulish persistence of inflation, and the even more mulish behavior of the Fed, opens up some very attractive investment opportunities for investors which have not been available for over a decade now. It just requires a little bit of point and click work by the investor on the internet.
The full note on this important topic can be downloaded at this link: LTA Thinking – Being Mulish: I Buy Treasuries Direct