I don’t really see why the Fed is so hawkish at this point, says Jim Paulsen. He talks about how inflation has nearly peaked and is clearly decelerating. He discusses the market reaction to the Fed’s 75BPS rate hike. He then goes over the rate hike outlook for the next two Federal Reserve meetings. He also notes how it is important to look at treasury yields and compare them to breakeven rates. He highlights why the Fed is doing too much when it comes to tightening rates. Finally, he goes over how investors should position themselves as the Fed raises rates. Tune in to find out more about the stock market today.