TIME TO LEVER UP 2s

The 'tourist thinks it's finally time to revisit our friend TUA

From early 2022 to 2023, the Federal Reserve conducted one of the most aggressive tightening campaigns in modern history. They raised interest rates 525 basis points in 16 months. Although during this time, worries about the economy ebbed and flowed, many market participants were quick to forecast an economy that could not handle that sort of tightening…