Peter Doyle
Peter Doyle
asset chances clearing federal financial intentions interest known level prices raise reserve volatile
The clearing prices for any financial asset is the level of interest rates, and the Federal Reserve has let its intentions be known that they're going to raise rates. So chances are it's going to be a volatile market.
hard move
All those things combined, it's hard to see where the market's going to move higher,
erosion focusing investment likely list margin names pan permanent pieces reflect safety sustain
All those names on that list actually reflect kind of a margin of safety where even if the investment pieces don't pan out, you're likely to do well or not sustain a permanent erosion of capital. So that's what we've been focusing on,