11-20-2020, 01:42 PM
Here you go fenders.
Jeffrey Gundlach advocating that equities will trade at single PE. It can happen In a month, 6 month, 18,24. But definitely not taking another decade. Treasuries markets are dead right now( make sense low interest rates). A lot more bbb to junk downgrades coming. Lot more deliquencies, shutdowns, business closures. Advocating for not to put more than 25% in equities. I am still ~40% cash.
Corona coming back in bigger waves.
News papers reporting Trump pushing for coup.
WHO says vaccine not enough.
S&P PE is pretty high.
Markets not budging.
How does this makes sense?
Jeffrey Gundlach advocating that equities will trade at single PE. It can happen In a month, 6 month, 18,24. But definitely not taking another decade. Treasuries markets are dead right now( make sense low interest rates). A lot more bbb to junk downgrades coming. Lot more deliquencies, shutdowns, business closures. Advocating for not to put more than 25% in equities. I am still ~40% cash.
Corona coming back in bigger waves.
News papers reporting Trump pushing for coup.
WHO says vaccine not enough.
S&P PE is pretty high.
Markets not budging.
How does this makes sense?