Rates are not too high, notes Peter Andersen. He doesn’t expect any rate cuts in the next 18 months. He discusses how previous rate hikes will “season” and that will end hikes and the market will rally as a result. He talks about suffering from “Fed fatigue,” as well as the market outlook for the rest of 2023. He notes that he is fully invested into the end of the year. He also looks at how previous rate hikes will impact the market. He then highlights how Cisco Systems (CSCO) is acquiring Splunk (SPLK) for $157 per share in cash. Additionally, he goes over what’s next for the IPO market. Tune in to find out more about the stock market today.