As the U.S. Federal Reserve debates withdrawing accommodation the doves have the upper hand, but that does not mean they won’t make a concession to hawks and hike sooner than the market expects.
Scott Minerd discussed everything from Ukraine to U.S. unemployment to Guggenheim Partners’ investment in sports with Maria Bartiromo on Fox Business.
Certain areas of leveraged credit are overvalued, particularly CCC-rated bonds and bank loans, but often some of the best profits come in the final phase of a cycle.
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