The Federal Reserve is about to pull trillions of reserves out of the market via quantitative tightening (QT), which will likely cause market turmoil. But does Treasury Secretary Janet Yellen have a rabbit to pull out a hat to lessen the impact of QT?

Andy Constan, founder of Damped Spring Advisors, is an expert on quantitative macro who has worked alongside legendary investors such as Ray Dalio and Alan Howard.

Constan joins Forward Guidance to explain how Yellen can dampen QT's deleterious impact on market conditions, and he explains why, despite the myriad threats to risk assets, he remains constructive on a balanced portfolio of stocks, bonds, and commodities.

Andy Constan on Twitter @dampedspring
Jack Farley on Twitter @JackFarley96
Blockworks on Twitter @Blockworks_
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Timestamps

00:00 Introduction
00:28 Favorable For RIsk Assets?
10:20 Bullish Dollar View
12:12 Will Yellen Pull the Trigger (Market Plumbing)
32:04 Risk Premia, Explained
54:05 Does inflation destroy demand?