One Can’t Say the US Fed is Hawkish

The Fed's Balance Sheet is nearly $9 Trillion. Quantitative Tightening is talking down the Balance Sheet $100 Billion a month. At this rate it will take ~5 years to normalize the Balance Sheet. With a looming disaster this large (including $30 Trillion in Government Debt) it is hard to say what the right thing is to do:

S&P 500 not as cheap as it looks, Forward P/E is just about at the 10 year average