Fed Close to a 'Blink' on Policy, Says Leuthold's Paulsen

The transcript discusses the current market conditions, highlighting the unsustainability tied to policy rate hikes and the impact on cash yields. It explores investment strategies, focusing on consumer discretionary and small cap growth stocks, while considering the high dollar value. The discussion also covers market risks, potential Fed actions, and the stability of financial systems. Finally, it compares current Fed actions to historical precedents, questioning the need for similar approaches given different inflation contexts.

How does the speaker assess the current state of the dollar?

What does the speaker believe about the stability of the financial system in the US?

What historical context does the speaker provide regarding the Volcker moment?