The Fed should be cautious about lowering rates, says GMO's Tom Hancock

Our next guest argues the markets have gotten too sanguin. For more, let's bring in Tom Hancock, portfolio manager at GMO. Uh Tom, great to have you with us.Why sanguin. Well, I think the market is, for example, on the tariff side, it's 15% tariff suddenly no big deal. This would have freaked people out back in March or you know, sort of deepse people have forgotten about and we see the risk trade back on whether it's AI names or crypto names.market hitting new highs every day last week and things aren't re ...