Bond and equity volatilities at lowest levels since 2021 = supportive >20% rise in 2023. Updating "Granny shots" +12 adds (-12 deletes). 2023 YTD +39bp outperformance. 2022 +395bp outperformance. List adds attached.

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  • Granny Shots January Quarterly rebalance today
  • see below for adds and deletes

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Main event this week is Feb FOMC and we think Fed will continue to tolerate easing financial conditions

The most important event in the coming week is the Feb FOMC decision (2/1). We will have more comprehensive thoughts on Wednesday, but as many are aware, we expect the Fed to become increasingly tolerant of easing financial condition...

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