The only bit of wisdom I’ve ever gleaned from the boys in Gainesville is that “corporate bonds are equities in drag.” The “junk” bond fund is precisely at its trendline.
The only bit of wisdom I’ve ever gleaned from the boys in Gainesville is that “corporate bonds are equities in drag.” The “junk” bond fund is precisely at its trendline. Break it, and it’ll only help the equity bears across the planet. All two of them.
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