Larry Berman CFA, CMT, CTA SPDR Bloomberg Barclays Investment Grade Floating Rate FLRN-N SELL Dec 10, 2018

Floating Rate notes. It is an ETF representing floating rate notes. These are something that will do well in a rising rate environment. We will see what rate move the Fed does next week but he expects it Dovish. You will get two Fed rate hikes but the market is predicting 4. He is looking to reduce his positions into other areas.