Stephen Colbert, back in his “Daily Show” days, used to have an election-year bit called “Better Know A District.” He would visit one of the 538 U.S. Congressional districts, and do a whole workup on it. Facts and figures, interesting history, interviews with locals, the whole nine.
So when I see an exchange-traded fund like the Simplify Interest Rate Hedge ETF (PFIX), coupled with all of these cross-currents in the media about one of the most consequential periods in bond market history going on right now, it makes for a perfect installment of our new series, Look Both Ways Before You Cross Wall Street.
