Market SitRep - Reach For Yield

Research
Written By Alex Barrow

In this week's Market Sitrep - Reach For Yield we start off with examining the high-yield energy space. We focus in on David Tepper's big bets in Williams Partners and Energy Transfer Partners. Next we discuss what bond duration means and its implications going forward. We take a look at an interactive bond calculator that shows changes in bond prices given a change in future interest rates. The duration discussion transitions into an overview of the popular 60/40 stock/bond portfolio. Performance in the last 5 years has been great, but future performance will not be. We finish off with an update on the US dollar index and its impact on the market and gold.A pdf of the presentation can be found here.  

Alex Barrow

Founder & MO Team Lead, CIO at Foundation Capital, macro junky, former Intelligence professional at FBI, DIA, and DOD, USMC Scout Sniper turned yogi/meditator.

https://x.com/MacroOps
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