Making predictions is a hallmark of investment analysis. When you get things right, then it can make your entire career. But when you slip up and make a bad call, it can get you thrown out of the limelight.
But what happens when just about everyone gets something wrong? That's the question that investors have to ask themselves about the bond market, which has defied expectations for years that it would necessarily collapse under the weight of gains from a 30-year bull market.
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