No. of Recommendations: 3
Hi, despite the technical difficulties, it was worth the 45 minutes, so thanks for sharing. Jeff's main message is, try not to lose money in 2023. He thinks the fed raises 1/4 point, unless another bank goes bad, then no increase next week. He said the cost to hedge duration risk is prohibitively high, when rates were so low. Just a reminder, the vanguard federal mmf currently yields 4.6. I have check writing and wire privileges , and I use that cash to secure puts I'm short. As the song goes, who could ask for anything more? Have a great weekend all.
