PS
the Fleck is great as is Barry Ritholtz and Bill Gross.
They are looking for Fed to stop in Aug and cut soon after.
I tend to agree. I have been short the 10 year bond for 4 years now through Ultra mutual fund. Disaster. I’m down like 10% even though 10 year went from 4.1 to 5. Should have got ought last month. Talk about imperfect index! Must use CME and CBOE for true hedges. Since bond traders are taking down yield and we are inverting, recession may be coming even with true cost of living rising fast. Thus, fed has to cut, but it wont save RE from a good correction. But it may prevent a bigger loss.
