Victor Adair

Senior Vice President and Derivatives Portfolio Manager

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We see markets “priced for perfection”…vulnerable to a correction…from a geopolitical shock or from a growing perception that the Fed will raise interest rates more and faster than people think. We think it’s time for investors to get defensive…we see signs that the smart money is already taking money off the table.

We see markets “priced for perfection” as yield-hungry investors pour billions of dollars into the sovereign bonds of...

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