Hedge Fund CIO: An Inert Metal Has Outperformed The 500 Best Companies Over A Quarter Century

By Eric Peters, CIO of One River Asset Management

“There are no risk-free paths now,” said Jay Powell. “It is quite a difficult situation for policymakers.”

Of course, he’s right. Every important job should be hard. Risky too. And adjusting interest rates by 25-one-hundredths of one percent every so often is no easy task. Just ask any governor.