Be patient for US equity exposure. We are still in the camp of higher rates for longer (short bonds). Energy is catching up with technology & the higher move in rates China is looking great. WTI & commodities are strong. The treasury is issuing about $299B bills a week gross and about $70 billion net at 5.5%. You can basically sit in cash at 5.5% or you go to the long end of the curve and get 4% with VERY HIGH DURATION RISK. If you carry at 5.5% and buy some equities with upside you will be OK.
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Be patient for US equity exposure. We are still in the camp of higher rates for longer (short bonds). Energy is catching up with technology & the higher move in rates China is looking great. WTI & commodities are strong. The treasury is issuing about $299B bills a week gross and about $70 billion net at 5.5%. You can basically sit in cash at 5.5% or you go to the long end of the curve and get 4% with VERY HIGH DURATION RISK. If you carry at 5.5% and buy some equities with upside you will be OK.