Defensive sectors, long bonds, and Q2 preview
Why I'm not bullish bonds even with the deflation thesis
On Friday I put out a video talking about how the most recent PCE print was starting to point towards deflation. Deflation freaks out the stock market, as it destroys a lot of built in growth especially for larger cap companies as they are ‘more mature’. Without that inflationary tailwind, valuations need to come down, especially for long duration (tech…
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