Trust The Bond Market? How About NO.
From Greg M
Lions and friends.
In my morning video below, I made reference to a comment made by Jeffrey Gundach where he said “trust the bond market, not the Fed.” Perhaps he is referring to the curve inversion or some other thing, but regardless of that- I still do not believe that there is a single aspect of the markets, especially the bond market, which continues to be HIGHLY manipulated by the Fed which can be “trusted.” We need to consider the entire situation and come up with the most logical and most likely outcome.
If we KNOW that the bond market is rigged to the highest order, how can we trust it? THAT IS THE QUESTION… Anyone care to answer?
Gundlach article: https://www.marketwatch.com/story/trust-the-bond-market-not-the-fed-on-interest-rates-gundlach-says-11673432854?mod=home-page
TRUST the bond market? Hows about Hell to the No! I think Gundlach is talking about the Signals the bond market is sending i.e. Yield Curve Inversions galore. Gundlach could've done better to communicate, or the interviewer could ask better f/u questions.
Isn’t Gundlach just agreeing with Greg Mannarino??
Do not trust anything you hear from The FED or any Central Bank, instead watch their Actions by watching the Bond Market moves… They are still Buying It All… QE to infinity (or until the great collapse)