• We are now talking about the Fed that could cut rates 3 times by 25 basis point before the end of the year
• I think the Fed should cut by 50 basis points next week
• I think Fed independence is critical
• I think there are creative things that the Fed could do
• I think the biggest impact is how to put people back to work
• There is a massive amount of cash
• The bond market this tell you we need to get to at least neutral
• I would stay long equities.
• I think hard assets need to be part of investment portfolio – gold/bitcoin. But 5% of bitcoin is a bit high.