Bank Of America's Contrarian Guru Unveils Best Portfolio Hedge Against Hard Landing: 'No One Is Long'
Portfolio Pulse from Piero Cingari
Bank of America's chief investment strategist, Michael Hartnett, suggests 30-year Treasury bonds as the best hedge against a potential hard landing in the U.S. economy. Despite a significant decline in these bonds, Hartnett believes they could rebound strongly. He also shares views on other asset classes, including commodities, U.S. stocks, and gold.
May 17, 2024 | 1:45 pm
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POSITIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) is highlighted as a key hedge against a potential hard landing in the U.S. economy. Despite a significant decline, a strong rebound is possible.
Hartnett's recommendation of 30-year Treasury bonds as a hedge against a hard landing directly impacts TLT, which mirrors the performance of these bonds. The potential for a strong rebound makes this ETF a key focus for investors.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100