I made my return to being on set at CNBC with Power Lunch. The producers were kind enough to give me a few hits during the show and great to see the gang over in Englewood, NJ.
The other guest was a nice guy from a big LA firm. It was his first time on set and I can just imagine what that feels like - I've been there before 15 years ago and he did a great job. We agreed on rates, as in this is a huge buying opportunity for long dated treasuries as well as short. We also agreed that while long term markets look good, all one needs is a single rate hike, a Fed official saying something the news media misquotes, or a day to end in "y" and we could see a proper sell off like early October.
Then I got the question I really wanted - defend the 60/40 mix, as if eating a well balanced meal is ever out of style. But in doing that I was able to showcase exactly how I run my stock and bond mix and my game plan going forward. It's easy to explain when you are the one making the decisions.
Lastly, I do want to state for the record one thing I don't agree with the other guest: private credit. Illiquid, high fees, fully taxable. If you think as a retail investor you are going to get a good deal before all the other massive sovereign wealth funds, hedge funds, insurance firms, pension funds - come on even pension funds get low quality stuff in the grand scheme of things, then you are California dreaming and I'm looking at a long cold winter. But then again, I'm not a favorite of inside my own industry because I'm always trying to cut costs and be more efficient.