Let’s talk about the bond market and yields. We will kick off with the number one guy in fixed income at the investment giant Charles Schwab. Only the Lord knows how much this guy is paid, so he must be brilliant. Let’s see what he was saying in July 2020:
Interesting. This was from a larger fluff piece with this headline:
Let’s see how Mr. Wander did, shall we? I have charted some yields since July 2020, the day of his declaration.
Gosh, that’s funny. He basically nailed the bottom to the millisecond, and yields have exploded higher in an absolutely historic rally for almost 20 months! Crazy, huh? But I guess he’s great at what he does or else they would pay him so well. It’s not like he’s a shameless shill or anything.
Here, by the way, are bonds from the same date. Schwab’s clients must be tickled pink.
