With the volatility in the stock market in recent years, I know more than a few (overly?) caution folk who still prefer the safety and guarantee of bonds over the much higher but also much more rollercoaster yield of stocks. We're all aware that the stock market has been going crazy for several years since the Fed has kept interest rates near zero so investors must be in stocks if they plan to make any kind of decent returns. But the bond market may be changing now and becoming more competitive with stocks.
In light of this, the most recent episode of WealthTrack provides two very different perspective on bonds, one which says they're a good bet, the other that they are not. I thought the two points of view would be of some value. (One may also note that there are links below to WealthTrack's YouTube channel so we can now watch any episode on demand at any time.) Enjoy the very summery weekend.
Two Very Different Views of the Bond Market:
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Sponsored by:
August 5, 2021
Dear WEALTHTRACK Subscriber,
Are we in a new Treasury bond bull market? New on our website this week is an insightful report, “From cornering the market to backed in a corner” from Michael Contopoulos, Director of Fixed Income at Richard Berstein Advisors. The RBA team has generously agreed to share it with our viewers. You can also read the report here. It presents a different interpretation of the Treasury market’s recent strong performance than this week’s guest does. During public television’s summer fund-raising drive we are revisiting a recent popular program with Treasury bond specialist Robert Kessler. Kessler believes the bond market is accurately looking beyond the current rebound and focusing on some massive problems which will act as drags on recovery. Kessler, a regular WEALTHTRACK guest since our 2005 launch, is Founder and CEO of Kessler Investment Advisors, a manager of fixed-income portfolios with a specialty in U.S.Treasuries for institutions and high net worth individuals around the globe. Even before COVID, Kessler has been warning about economic and stock market risk. On the program this week, he will discuss why he believes those risks have been exacerbated and the market is in a danger zone. We hope you can join us. We’d also like to encourage you to subscribe to our YouTube channel, where you can watch this show and any previous shows you may have missed! Have a super summer weekend and make the week ahead a healthy, profitable and productive one.
Best regards, Consuelo
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