The bond market’s dominance is coming to an end, and the current moment presents a once-in-a-generation selling opportunity, a well-known portfolio manager is saying.
“I believe that this will be a generational decline,” James O’Shaughnessy, portfolio manager and CEO at O’Shaughnessy Asset Management ($5.2 billion in assets under management) and author of the book What Works on Wall Street, wrote in a new report. O’Shaughnessy crunched the numbers, looking at a series of rolling 40-year returns for the 20-year U.S. Treasury bond.
Read Full Article »