Fed Succeeds In Driving Investors To Take On Risk And Go Up Risk Curve, But End Game Is Bound To Be Painful Regardless A
Monday, February 22, 2021 5:02 AM EDT
Last March, the Fed essentially urged investors to take on risk and go up the risk curve. Leverage is high in the system. When a reversal occurs, it is bound to be painful. It is a good time to buy some protection, which is cheap.