I'm convinced Gundlach is a technical analyst first and a fundamental guy second. He's ridiculously good at reading charts. Or someone who works for him that has his ear is. American pension funds and insurers own about 10% of the US bonds, and seems to play a less substantial role in setting yields than European institutions. The liabilities of these companies and funds tend to be longer-dated than the bonds they hold. So when long-dated bond yields fall, their financial position deteriorates. This means they need to buy more bonds, and this drives prices up. Rinse and repeat. What a pickle.
fwiw, LIBOR is completely made up and a lie. It's most likely manipulated too. There is no active market for LIBOR.
Does anyone know what economy they're talking about, cause that US economy, as measured by GDP, is still in that 2% range. ^That.
GDP estimates for Q2 are good. Atlanta fed GDPNow @ 4.5%+ NY fed nowcasting @3%+ https://www.frbatlanta.org/cqer/research/gdpnow.aspx https://www.newyorkfed.org/research/policy/nowcast
You picked a good day to get long, Now we've had a bear engulf candle on the daily so I gather you've tightened the SL or scaled out some. That's about all you can do. But the daily triangle has a rather large projected potential target. I was always under the impression that once int rates started to creep higher equities would lose their appeal ? Maybe later maybe not.