Opportunities Beyond the Bond Market

With so much damage done in the bond market, there have to be opportunities some place. In fact, we have three things that are related and also highly likely to create severe overshoots in the market. First are large-scale mutual fund outflows. Retail flows are a classic contra indicator. Second is the sense of panic, with many weak handed "carry" based positions (i.e., ones that were designed to collect income in a low-volatility market) are now off sides and desperate to unwind. Third, Wall Street in no position to play market maker.

So from this, I thought we would take a quick look at some major fixed-income exchange-traded funds (ETFs) as a proxy for the big bond sectors. I will show the return from June 18 (day of the Fed meeting) and May 2 (the recent top of the bond market) to June 24 (just for some context)....603 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.

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