Rick Reider: Market cleaned out a lot of leveraged positions ...Middle East

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Rick Reider: Market cleaned out a lot of leveraged positions
Still like equities , but we have come a long way pretty quicklyCan evolve the portfolio and have a bit less equities at these multiplesYou can get a lot of yield without going out on the yield curveThinks the Fed cuts rates at September meetingPersonally I think the fed funds rate is priced wrongI would do 50 basis point cut sooner and I would have cut in JulyI still like tech long-term, sector has terrific free cash flow generationIt's worth taking some chips off the table after this big rebound.We're moving in the right direction on inflationLooking at the US stock market The S&P index is up 78.75 points or 1.47% at 5423.06. Its high price reached 5430.75. The NASDAQ index is up 356.42.12

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