Summertime, and the Living Is…

Published on: July 14th, 2021

… Frustrating. Notwithstanding a picture of positive growth, sticky inflation and easing credit conditions, positioning has got ahead of the game. Bonds have rallied largely on a counterintuitive dearth of supply and an imperative of duration-matching by underweight asset allocators. What does it mean, and should we head for the beach?

Comments

  • CY
    Charlie Y.
    16 July 2021 @ 11:16
    0 0
    What about MIB position? Are we out or what?
    • CY
      Charlie Y.
      18 July 2021 @ 14:07
      0 0
      Thanks Harry.
    • HM
      Harry M. | Real Vision
      16 July 2021 @ 12:15
      0 0
      If you were still running the position you should keep the stop somewhere near the 24700 level and maybe you will be able to trail it higher. But for our purposes we are now out.
    • HM
      Harry M. | Real Vision
      16 July 2021 @ 12:11
      0 0
      Out. It got stopped. We raised the stop to 24,700 (I think) in the "Unreliable Boyfriend" Flash Update, and the market took it out.
  • RR
    Raj R.
    25 July 2021 @ 23:37
    0 0
    Interesting contrast to Raoul's analysis. Lets see who is right!