to ask you first about your response to |
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from 2021's policy mistake to use your |
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great you know one thing we told our |
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yesterday we saw you know three things |
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one you know they took some uncertainty |
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said we are raising in march number two |
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out back in march of 2020. great news |
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there but number three we did learn some |
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see what's going on number one they |
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in december number two there's really so |
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number three the fed you know palestine |
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the two-year treasury yield markets are |
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pricing in four to five hikes we're |
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probably on the longer side maybe four |
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maybe five hikes the key question is |
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will be at 50 basis points at one time |
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you know this volatility ties into one |
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of our key themes for 2022. market |
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very different than the last one the |
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last one was long it was stretched out |
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country 128 months and that environment |
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correction so did the s p 500 with that |
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10 down we don't see a bear market at |
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reasons why number one you can look at |
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on low debt to income second of all you |
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remove it third of all supply chain |
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evidence of that already fourth of all |
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yesterday about 37 basis points during |
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most corrections this averages about 395 |
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this goes into our first theme |
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