LQD - (Almost) Everybody Got Slapped In Q1

• For most asset-classes and investors, the first quarter of 2022 didn't provide much of a reason to dance. For us, however, it was quite different.
• Many investors/experts point out that both recession and market peak occur (if at all) within 16-20 months from inversion. We, however, believe this time is different.
• Should we trade based on (actual/current) tightening fear or (theoretical/future) QE hope? As far as we concern, it's never any different that this:
• Trade as if you're walking on thin ice (be minded of risks) and you're more likely to end with a dance (be rewarded with returns). This part never-ever loses its validity.

For further details see: