Portfolio manager Michael Lebowitz returns here in Part 2 of our interview with him to explain that a Fed pivot may not deliver the happy rescue many investors are currently anticipating.
Like Bill Fleckenstein, Michael thinks if/when the Fed pivots, if inflation is not fully tamed (which looks increasingly unlikely to happen anytime soon), the bond market’s confidence in the Fed will be broken.
As a result, the bond vigilantes will send credit yields higher, not lower as many are currently expecting.
In this discussion, Michael also shares his thoughts on which assets are best positioned to protect wealth through the continued turmoil he sees ahead.
To-date, Adam’s efforts have educated and informed millions of people just like you, and directed hundreds of $millions of their investment capital into good protection and stewardship – achievements he’s very proud of because he predicts challenging times lie ahead for the unprepared investor.
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