They say the smart money is in the bond market. But that hasn't kept it from having one of its worst starts to the year ever, as yields have risen substantially since January, bringing price down hard.
When the bond market speaks loudly like this, the wise investor listens.
As we look at the environment now, what is the bond market telling us is likely to happen next? To find out, we welcome back macro analyst and former portfolio manager Alfonso Peccatiello to the program. See the YouTube Video for the charts and graphics: https://youtu.be/U4bnUiph1ac
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