Massive ‘Exit’

Even the dog is getting out of the bond market 🙂
For long-time visitors, we see years of ‘strategy’, playing out in real time.
One tenet of that strategy is/was, the bond bull-market (TLT) is over. It’s a new paradigm (not advice, not a recommendation).
Repeat Post From 3/17/20
Nearly five years ago, was this:

Back then … “we may be at the all time top”.
Extreme or More
So, it’s taken nearly five-years for the market to reach the extreme discussed here.
Does that mean we’re at some kind of bottom? Is it really ‘tax related’ as suggested in the link?
That’s always possible.
However, an alternate view of what’s going on is here (not advice, not a recommendation).
Enough said.
Stay Tuned
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Note: Posts on this site are for education purposes only. They provide one firm’s insight on the markets. Not investment advice. See additional disclaimer here.
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