By Kevin Nicholson, CFA, Global Fixed Income CIO, co-Head of Investment Committee SUMMARY A hawkish Fed increases the probability of recession, in our view. We believe the trend will likely continue to decelerate as financial conditions tighten. Crowd Sentiment in extreme pessimism is a potential positive contrarian signal, in our view. After eight months of [...] The post Tactical Rules are Mixed but Waving the Caution Flag appeared first on ETF Trends .