The weekly Market Update is posted at Alpha Baskets and includes the following;
Bill Gross declared the start of the bond bear market…again. Barron’s made the case for the yield on the ten year rising up to 2.75%. While predicting interesting rates is a loser’s game, such a gentile lift would be surprise us, we might expect a more extreme outcome in either direction as opposed to just 20 basis points. If a bear market has truly started, we would expect higher yields. Or if something triggers a recession we would expect much lower yields. Take this as a call for volatility, not a guess of what rates will actually do.
Please click through to read the entire update.
And also please check out my latest thoughts about robo advisors at the Maven, I dissect a robo portfolio.