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TCW Trading Secrets: "If Markets Were Stupid, Everyone Would Be Rich" by Tad Rivelle

Please follow this link to Tad Rivelle's latest White Paper titled If Markets Were Stupid,
Everyone Would Be Rich
.

Tad Rivelle is TCW's Fixed Income Chief Investment Officer.

" Experienced investors understand that capital markets are information rich, that prices “mean something”, and that “obvious” inefficiencies get arbitraged away. Yet, rather than listen to markets, the Fed has preferred to talk. Instead of allowing markets to find proper clearing levels, the Fed has insisted that it knows better whether or when to raise rates.(...) "

Please follow this link.