Banks, Powell, Crypto, and Jamie Dimon (Podcast)
Bloomberg Intelligence
00:00
What's Your Cash Position Today?
I'm around 80% cash. It's pretty defensive. Credit spreads are still reasonably unwaried. When credit spreads start to turn higher, and that will be implying higher default rates in the US, that is going to be the catalyst for equity markets to turn south. And so that's, I mean, you're keying really off of a material recession. By the way, just to cap it off, BOE is 5, because I like 4.56. Yeah, that sounds about right.
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