Loading ...It’s Time! We’re Buying Bonds Now
Interesting, this guy has been long stocks for a while. Quick reversion, now defensive.
Yields may be the story of the year going forward, but remember, the FED officials have stated they see interest rates remaining unchanged this year, at least from some of the FED voters that have recently been interviewed. Actually, the FED dot plots project rising rates in the future! And the American taxpayer supposedly pays these guys $100,000’s/year, with full pensions. Big pensions. Amazing how out of touch with reality they are. Let free markets work and end the CB’s.
However, counter to his charts, I would argue on longer time frames the $Gold/TLT ratio is about to break up, in favor of gold.
If “JC” is Jim Cramer, it’s time to sell the sh*t out of long treasuries.
No, not Cramer. JC Paret has been pretty good lately w.r.t. stocks. However, I think he has something against gold and gold stocks.
JC has nothing against PMs other than he thinks there are better markets to play now. Can’t argue with that.
But I’m surprised he did an about-face on Bonds; he was adamant that rates were not going to fall this year. But better late than never!
It’s JC Paret… old school TA guy.
“Let free markets work and end the CB’s.” Agree. They get to choose who gets to be the canon fodder pawns.
I don’t like bonds at all. However last week I sold all stocks in my pension account and went into very short term bond (cash) account. My wife didn’t want to follow that. But 200dayMA in dow looked top, it seemed good to me to change. Brutal week coming up.