CONSIDERING THE BORING OUTCOME

Why the 'tourist is no longer net short risk assets

By now, you probably know the bearish story. It goes something like this; in the panic of the COVID crisis, the government did too much fiscal, and the Fed eased for too long, creating an inflationary spike the likes we haven’t seen in decades, and now, combatting inflation is the government’s number one priority. This means higher rates and tighter fin…