The Fed’s Endgame, Alaska Air Turbulence, and Alphabet’s Bull Case 7/25/23
The Exchange
00:00
The Fed's Hiking Cycle
I think I heard a sound of a large exhale around noon. When UPS signed that contract with the Teamsters, I think they're very happy about that that was done and does not seem to have been done over the top. At some point here, at some point, those long-end yields will start to look good if indeed there's a sense that the Fed is done in its hiking cycle. And then looking out into 24 that as the economy saw plans and jobs slow down and so forth, then we actually will get an easing and a re-sloping of the curve.
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