Biggest Bull Market of Our Lifetimes Is Over

Biggest Bull Market of Our Lifetimes Is Over
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In 2016, the nearly 40-year bond bull market ended. Date of death: July 11. And this was the biggest economic event of the year. “The biggest of 2016, in a weird way, was not Trump, was not Brexit, was not the end of the OPEC war back in February, it was July 11,” Michael Hartnett, chief investment strategist at Bank of America Merrill Lynch, said at a panel on Wednesday. “On July 11, 2016, a couple weeks after Brexit, the 30-year Treasury yield fell to 2.088%. On that day, the Swiss government could borrow money for 50 years — out to 2076, a year most of us won’t be around to see — at a negative interest rate.

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