Holiday Shopping to Start Earlier Than Ever
Bloomberg Businessweek
00:00
ACM Dynamic Opportunity Fund
Jordan Con is a chief investment officer at ACM funds. He manages the ADO I X fund, which has outperformed the S&P 500 this year. Jordan: The Fed was behind the curve in terms of inflation and characterizing it as transitory. They had to take catch up and start hiking rates at a pace this year much faster than we've seen probably in decades. That kind of caused valuations to contract risk assets to start coming down pretty, pretty, pretty pervasively.
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