Bridgewater is now long bonds. Whether this also means that the fund is bearish on overall growth, bullish on deflation, and very bullish that in the Taper is...

James McKay

Bridgewater is now long bonds. Whether this also means that the fund is bearish on overall growth, bullish on deflation, and very bullish that in the Taper is not only off the table but there is potential for even more easing by the Fed, is unknown. What is known is that once the piggyback crew jumps on the Bridgewater bandwagon, which is now saying rates will drop (ostensibly leading to the end of the Great Rotation and perhaps the start of the Great Unrotation), expect to see some substantial price realignment between the two main assets classes: stocks and bonds.


James McKay

bonds taper

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