Wyckoff volume benchmarking / market profile bt analysis board

[dotnet]

Other day I was talking to my tennis buddy who is hedge fund manager and have very good track record for past 30 years. he analyzes very simply and explains in simple way. what he said was amazing.
He said he started moving his personal and client's money to defensive positions starting December with high inflation data kept coming and that's when everyone was expecting rate hikes. I think by February fed indicated interest rate hikes were certain. he moved his money aggressively around that time. If you entered when fed stopped raising rates for first time then even if you waited until first rate hike in March you will be fine.
Now what he says is wait until jpowell says he is done with interest rate hikes. usually it will start showing 1 or 2 months before his decision but no need to hurry and you can wait until he announces. he showed past announcements in 2019 and previous times. he said we have long ways to go. in between we get these hopes and then the inflation will come high and markets go down again....