im not sure the next five years will be good. yellen was adviser to magellan and i tjink has influence them to the transitory inflation camp. they are overweight stoks exposed to the risk of higher rates in the tech and defensive stocks. this could topple the applecart so to speak. you can see from yellen inflation commentary over time she could be be wrong. hopefully hamish is not relying on his fed reserve connections to bet the portfolio.
inflation sentiment- downplayed->manageable->temporary->3%->staying higher.![]()
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