A Letter from Paul

A Letter from Paul

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A Letter from Paul
A Letter from Paul
Hedging

Hedging

Hazard Lights

Paul Podolsky's avatar
Paul Podolsky
Aug 11, 2023
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A Letter from Paul
A Letter from Paul
Hedging
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I am putting back on portfolio hedges because a series of developments suggest the effectiveness of the Fed’s tightening, combined with unattractive pricing and significant supply of US bonds may cause long end interest rates to rise further than I had thought and put downward pressure on stock prices.

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