In this episode, Escala Partners CIO, Tracey McNaughton, shares her views on how this has been one of the strangest, most difficult-to-predict economic cycles that we have ever been in. She recommends investors remain cautious for now despite new opportunities already presenting themselves. The rapid retreat of lower for longer interest rates is revealing hidden hazards and creating riptide events that have the potential to catch unsuspecting investors out.

(0:46) - You called it Freaky Friday last week in response to the front page of the AFR.

(3:34) - The era of lower for longer interest rates is now over. What can we expect going forward?

(7:51) - Risk, as you say, is highest during the transition to higher for longer interest rates. What are those risks?

(11:52) - You said that once we get through that transition, volatility in the market will settle. Is that when the opportunities will start to present themselves?

(14:46) - What should we expect when we arrive at the new higher for longer rate environment?