When you’re focused on expectations you have to be hawkish, says Infrastructure Capital Management’s Jay Hatfield. “The Fed itself is a risk factor because of their flawed views on inflation.” Ahead of Jackson Hole this week, Hatfield explains why he’s not confident in the “erratic and incompetent” Fed right now, and he also highlights a pair of “almost unfathomable” data points out of Europe that are contributing to the market’s recent two-way trade and the rise of the US dollar.
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