BLOOMBERG Bloomberg Real Yield July 14, 2024
Seeing the dynamics shifting. What you are seeing is a pricing out of recession risk. We dont see recession coming right away. Maybe august was that peak here. Our code the fear trade a peaking. Chomped a lot of wood in august, sentiment horrible. Sentiment is bearish. Maybe we are coming out of it. I think the fed needs to confirm that but maybe we have had a mini cycle. We are set up perfectly for a rally in risk assets into the fall. If we could just hold earnings, we get a reevaluation story...
Source: archive.org