bond market seasonals
With HOPE once again breaking out all over the place with regards TO some sort of peaceful solution to the war in Ukraine, I thought I’d take a moment and talk about something ELSE … A distraction — needed or not — might be worth considering ahead of month/quarter and Japanese FY end just before Fridays NFP.
One year ago on 29 Mar 2021, GUGG offered this reminder
I offer this ‘food for thought’ from just one year ago and if you prefer, I can dig a bit deeper and would then point you to this 2pg PDF from my former life with a link from June … of 2017,
That last bullet is expanded on a bit more HERE … an excerpt,
This is clearly NOT a new story and there are all sorts of factors at play especially as certain (60/40) models have been under-delivering lately. This past weekend’s sellside observations offered SOME insight as to the required rebalancing and there’s certainly more out there to consider.
Peace may, in fact BE breaking out all over which is a GREAT THING … There are some other forces clearly at work and financial conditions as measured by BAML are clearly signaling something. Ignore THIS message especially at this time of year, seems to ME to carry its own set of risks …
That is it for now until we discover what happened overnight, while we slept…