Economist David Rosenberg warns the bond market is sniffing out a slowing economy, sees pain ahead for the value trade (via TradingNation)
Economist David Rosenberg believes the bond market is getting inflation right and yields shouldn't trade at higher levels.
"The numbers have been shocking to the upside, no doubt about it. But it's pretty easily explainable," the Rosenberg Research president told CNBC's " "That's the story for the second half of the year... The bond market is sniffing that out right now," Rosenberg said. "My forecast is slower growth, inflation peaking out and rolling over and a bull flattening in the yield curve."
"Growth should reclaim leadership over value in the stock market," he said. "You want to be more in defensive growth and in areas of the market that are going to benefit from a lower bond yield."is prime for a resurgence. The cryptocurrency has been getting walloped, down 38% over the past two months.
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