Cathie Wood mentioned that she is currently ignoring the bond market (I think), and this seems to echo a comment I remember Jared Dillian made on RVDB the other day.
I think he was saying that the bond market was mispriced at the moment (inflationist) and I think he implied that the bond market can be massively mispriced at times and this is one of those times.
I can't recall whether Jared thought it was the shorter or longer duration US Treasury Bonds that he thought were mispriced.
I found this very interesting and flies in the face of some of the other people I love to follow such as Steven "Bond King" Van Metre. He always reiterates that stocks will follow bond yields, and we are in for a US market correction as yields keep falling. He seems to imply that bonds are never wrong and always lead.
Perhaps this is just a variant of the inflation vs deflation argument that people could be getting bored of, but I would love to hear peoples incites and whether say the 10Yr US Treasury bond could be massively mispriced or whether it's more likely it's the 2 or 5 year bond that is incorrectly priced.
More importantly if so, what's your personal thoughts on where bonds go and the implications?
I am very much in the learning phase when it comes to bonds so please correct/comment where you see fit, cheers!