Where's the Biggest Risk From QT?

The transcript discusses the Federal Reserve's use of quantitative tightening (QT) and its impact on markets, particularly speculative sectors. It explores market reactions to rate changes, expectations for the Fed's future actions, and investment strategies in volatile markets. The discussion also covers oil market dynamics, influenced by geopolitical factors and demand from China and emerging markets.

How does the speaker view the relationship between the balance sheet and interest rates?

What is the significance of September in relation to the Fed's policies?

What factors are contributing to the tightness in oil markets according to the discussion?