By Eric Peters, CIO of One River Asset Management
“This is a lot of hullabaloos about nothing, really,” said Lone Star, sizing up this stock market correction. “They’re basically saying let’s increase tariffs to pay for tax cuts,and ensuing uncertainty will push 10yrs lower,which we also want,” he said,channeling Treasury Secretary Bessent,Trump too. “They’ll talk about saving Main Street which will play; it’ll put pressure on tech valuations, but they don’t like those companies anyway. And if the economy slows down, it’ll take inflation lower and the Fed will cut, which is what they want.”
