DoubleLine's Jeffrey Sherman on the Fed's TACO Trade & Fixed Income Strategy

A primary focus for Sherman and Greifeld was the Federal Reserve's next move amid persistent economic noise. Sherman noted that the market has become "ingrained with the precedent to do the TACO trade.†DoubleLine on the TACO Trade & Fixed Income Strategy He explained this as a belief that the Fed Chair will eventually "chicken out†and lower rates when pain points hit specific price levels. However, Sherman remains deeply skeptical of an immediate pivot. A high-stakes panel at the Exchange conferencein Las ...