Albert Edwards: First the meltdown, then the melt-up

A couple of weeks ago I mentioned Albert Edwards' bullish views on US Treasuries. The interesting bit was his prediction that 10-year Treasury rates would exceed 3% before long. He is basically saying, 'first the meltdown, then the melt-up'. That's the exact opposite of Ray Dalio is saying about equities, by the way. So I thought I would highlight Edwards' thinking given he has released an update.
Myth: Equities and Bonds move in opposite directions
You would think that Ray Dalio's view goes hand in hand with Edwards'. After all, the common saying is that equities and bonds move in opposite directions. When bonds are up, equities are down and vice versa. But that's not really true.

We've had the greatest bull market in bond market history since the early 1980s. Yields of nearly 16% plumm...


As this site is now reader-supported via Patreon, the remainder of this article is only available to subscribers at a specific patronage level. Articles at patronage levels BRONZE, SILVER, and GOLD are denoted by the categories in blue capital letters above the post. Posts categorized DAILY are available to both SILVER and GOLD patrons.

Click here to join. Your readership is greatly appreciated!

Registered users can log in by entering details here or below.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More