Wall At. calls it the proberbial “pork bellies” call. It’s not really the index they base their investment strategies on, but it’s the generic term used by the streets pitch men. So today the bond market has been correct and they didn’t oversell pork belly futures. But this pork belly future was really interest rates and the bond market knew the Fed oversold how good the “good times” were going to be. Rates didn’t run up and are now the 10 year treasuries are sinking back towards 2%. Oh, when will historic returns come back so the dismal returns all that cash you’re sitting on
will continue to enjoy Above Market Returns While Incurring Minimal Risk. All the best….Jim
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