Yield Hunting | October 2022 Newsletter And Updated Sheets Newsletter
Summary
The S&P lost 9%+ in September and now sits at 52- week lows of -24% on the year. The Fed is prioritizing fighting inflation over support for the market.
The dollar is up nearly 18% this year. This is the flight to safety trade since investors are shunning treasuries due to interest rate risks.
Less than a year ago, we couldn't buy junk bonds for 6%…
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