Fed's early Christmas speech yesterday put the cart before the horse for our sale of PMT. We chose to hold our meager holding for a day or so to see if the market recovered somewhat. If not, we still sell.
It feels like America is getting its inflation under control, unlike Europe. While I understand that this was not the last rate hike before inflation comes down to acceptable numbers, I hope that future hikes will be 25 basis points instead of 50. We will see how long we hold on to our holding in PMT.
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