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%…