HIP Portfolio Update - May 2021

Summary

• The Fed is prioritizing full employment over price stability.

• Positioned for Higher Interest Rates and Inflation.

• Reducing Risk Assets as the S&P 500 makes new highs.

• Capital Preservation prioritized over Capital Appreciation.

Yields are going higher

The following is a chart of the 10-Year and it is still in an uptrend. Meanwhile, with the short end p…