Other folks (including Bill Ackman) have also pointed out that the Secretary of Commerce, Howard Lutnick, works for Cantor Fitzgerald, an investment fund that focuses on "long bonds." It's the exact portfolio that one would want to ride out a tanking market, and perhaps the exact reason why wealthy folks like him are not as concerned about what's happening.
Other folks (including Bill Ackman) have also pointed out that the Secretary of Commerce, Howard Lutnick, works for Cantor Fitzgerald, an investment fund that focuses on "long bonds." It's the exact portfolio that one would want to ride out a tanking market, and perhaps the exact reason why wealthy folks like him are not as concerned about what's happening.
Other folks (including Bill Ackman) have also pointed out that the Secretary of Commerce, Howard Lutnick, works for Cantor Fitzgerald, an investment fund that focuses on "long bonds." It's the exact portfolio that one would want to ride out a tanking market, and perhaps the exact reason why wealthy folks like him are not as concerned about what's happening.
Meanwhile I looked at my 401k and wish I hadn't :(
Me too. I almost felt physical pain looking at it.