Barron’s often features excerpted clips of investment advice from various forecasters. The following comes from this week’s magazine. I don’t know anything about the Aden forecast. The message provides food for thought. Will be interesting in the following months to see how correct they were. (No link / Transcribed from subscription)
Steer Clear of Bonds The Aden Forecast: Money, Metals, Markets adenforecast.com
”June 4: Interestingly, interest rates are starting to rise. The 30-year yield is leading the way. It’s above its 15-week moving average, at a three month high, and the 10-year yield is following. We’ve been showing you how oversold interest rates have been, which means they’re poised to head even higher, especially now that the rise is getting underway. This is going to coincide with an ongoing drop in bond prices, so continue to steer clear of all bonds for now.” *
Barron’s June 8, 2020 (By Mary Anne and Pamela Aden)
*There was additional short commentary on action in the U.S. Dollar index. It wasn’t directly related to the above, so I didn’t include it.
