Contrarian Analyst Turns To Bonds Ahead Of Fed Rate Cuts, Presidential Election: 'Maybe Tariffs Deflationary Not Inflationary'
Portfolio Pulse from Piero Cingari
Bank of America's chief market strategist, Michael Hartnett, is bullish on bonds, particularly Treasuries, as a safeguard against equity volatility and potential economic downturns. He advises selling stocks after the first Fed rate cut and highlights the potential deflationary impact of new tariffs. The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) showed low volatility despite market uncertainties.
July 19, 2024 | 8:10 pm
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The iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT) showed low volatility despite market uncertainties and is seen as a safeguard against equity volatility and potential economic downturns.
Michael Hartnett's bullish stance on bonds and the low volatility of TLT despite market uncertainties suggest a positive short-term outlook for the ETF. Investors may view TLT as a safe haven amid potential economic downturns and equity volatility.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100