The Fed Is Wrong. Stocks Can Still Win
Host Ryan Nauman welcomes Jay Hatfield of Infrastructure Capital Advisors to discuss how Federal Reserve policy, rising Treasury yields, oil prices, and tightening financial conditions are shaping markets. Hatfield argues the Fed is overly hawkish, criticizes inflation measurement (especially shelter and PCE), and says higher rates are driving a housing recession and tightening high-yield credit. He explains his view that the 10-year yield typically trades about 100 bps above terminal Fed funds and expects only one more hike with stabilization near 5%, with oil and Strait of Hormuz dynamics…
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