BUY SHY @ $85.07

Buying SHY @ $85.07

10% position

SHY is a perfect ticker - it's a short-term Treasuries ETF. An investment for "shy" people. The short-term Treasuries seem to be pricing in 4+ rate hikes this year (2-year yield is over 1.0%). I don't see that happening...and if it does, the stock market and economy will get crushed. 

So I'll take the under on rate hikes in a low-risk way.

Equity markets are down because investors know that rate hikes will slow the economy. Does PE Powell have the clout to take that pain? I don't think so. He's a dove and a pumper. Rates are going down from here.