Good ideas and conversation. No ads, no tracking. Login or Take a Tour!
mk · 3300 days ago · link · · parent · post: What the bond market knows that the stock market doesn't
I would be very surprised if this rally has years left. Of course, individual stocks can buck the trend, but for quite some time leading up to the rate hike, good news was bad news as there remained hope that rate hikes would be further delayed. Here is an interesting ETF that tracks junk bonds. The last six months look like a genuine downturn. As it seems that bond fueled buybacks and dividends will fall, it seems a major contributor to the bull market has been lost. I don't see much reason for a continued rally at this point.