You Must Keep an Eye on Bonds Right Now. Here’s Why
Can a bounce brew?
Our View
You really can't make this stuff up. Yesterday our call was for higher prices because the high CPI report was already baked into the market’s recent decline. It’s the old “buy the rumor, sell the news” trade, but flipped (sell the rumor, but the news). It’s how we approached the Fed last month as investors feared the Fed.
The problem for the bu…