Bond Vigilantes Return, Sparking Stock Market Carnage and Sector Rotation
TL;DR
Hedge fund manager Harris "Kuppy" Kupperman predicts that there is no bottom for bonds and expects yields to continue rising, potentially reaching 6% or even the teens. He believes that the bond market is not panicking enough and sees the current situation as a "one percenter depression." Kupperman prefers investments in the real economy and is bullish on uranium, anticipating a super-spike in its price due to a future shortage. He also warns of potential trouble in the banking sector and expects a giant sector rotation rather than a stock market crash.
- 'One percenter depression,' giant sector rotation. Kupperman on bond fallout. MarketWatch
- Barclays Says Only Stocks Crash Can Rescue Bonds, as Fed Likely Won't Ease Bloomberg
- Stock Market Carnage Not Over As Higher Yields Spark 'Extreme Fear' Markets Insider
- The bond vigilantes are back Financial Times
- Bond vigilantes circle battered US Treasury market ZAWYA
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