A Barbell Approach

There’s still a lot of speculation in the market, which is quite normal at the beginning of bear markets. Rallies of 15% or more are part of bear markets. The 'Primary Trend' is still down.

Feb 15, 2023

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Chiswick, London

February 15, 2023

The 6-month Treasury bill hit a yield of 5.01% yesterday. This is the first time a U.S. government bond of any duration has offered a 5% yield since 2007… nearly 16 y…

Bonner Private Research

A Barbell Approach

There’s still a lot of speculation in the market, which is quite normal at the beginning of bear markets. Rallies of 15% or more are part of bear markets. The 'Primary Trend' is still down.

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