I think this market has been providing many investors with whipsaw and head aches, which has also caused much head scratching. (And, yes, that little itch may be telling you something).
Back in November of 2018, no one even considered the possibility of a bond rally because the Fed was raising rates. And, recently, no one even considered the possibility of any type of top in bonds because the Fed is now lowering rates. Has anyone considered that maybe the Fed does not control the bond market? (See my prior articles for thoughts on this).
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