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Legendary Trader Peter Brandt Bashes Fed and Its Recent Policy Pivot
Peter Brandt, a renowned trader and founder of Factor Research, has taken to social media to express his discontent with the recent policy pivot by the Federal Reserve (Fed). According to his tweet, he believes that the Fed’s actions will have devastating consequences for markets.
In his tweet, Brandt stated, “The Fed is now explicitly admitting that inflation is back on the rise. I believe this means we are setting up for a major market collapse.” He further emphasized that “the bond market has already begun to price in higher interest rates” and warned investors to be prepared for the worst.
Brandt’s comment comes after Jerome Powell, the Fed Chair, announced that the central bank will resume tightening its monetary policy next year. This news sent shockwaves through financial markets, with many assets plummeting in value.
It is essential to note that Brandt has been correct in his predictions before, such as warning of a potential bitcoin price drop in 2017, which later became a reality.
The recent announcement from the Fed has sparked significant concern among market participants and investors.
Source: u.today
