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A Fed Pivot Will Squash The Economy | Michael Lebowitz
Portfolio manager Michael Lebowitz returns here in Part 2 of our interview with him to explain that a Fed pivot may not deliver the happy rescue many investors are currently anticipating.
Like Bill Fleckenstein, Michael thinks if/when the Fed pivots, if inflation is not fully tamed (which looks increasingly unlikely to happen anytime soon), the bond market's confidence in the Fed will be broken.
As a result, the bond vigilantes will send credit yields higher, not lower as many are currently expecting.
In this discussion, Michael also shares his thoughts on which assets are best positioned to…
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