When you attack others for no reason, everyone is watching you reveal who really are. You can try to hide it, but everyone instinctively already knows. So when you try to destroy others you are destroying yourself.
Though I think we will see a flight to safety move at some point next yr, I donβt think thatβs what this is. In 2020 HYG fell 20 pts & fell 18 pts in 2022. This time the sell-off was 4 pts. I think bonds just put in a major bottom with big bull to come over the next 18 mos.Slowing economy & lower oil prices likely to be initial drivers.Hard landing later.
@RakeshA37752961 Well likely see slowing economic growth which will help push rates & the dollar lower. The metals & the equity markets will initially see that as bullish. Only later will it disrupt both markets when it gets far worse.
@MaltHb@RakeshA37752961 We often see rates down & the dollar down. Most of the buying in the early move is domestic. Later in the bust weβll see foreign buying & Iβm forecasting a big upward reversal in the dollar later in the bust. You need to understand the sequencing.