EDIT – And yes as I correctly believed in the video there was a huge rally in bond prices/yield drop into the summer of 2017, when I reversed and become bearish just as everyone was convinced the prices were going to continue soaring it is all in the CHARTS, and understanding when the charts and the sentiment are mismatched:
So we had the huge rise in bond yields/fall in price into mid-December, when people were weirdly hysterical about a bond market crash. I turned very bullish on bonds last month (archived). Then we had the big drop in yields/price rally. And then of course, right into the recent top in prices, then the crowd decides, “well maybe bonds are now bullish”. Then we have a big backup in yields/falling prices, and now once again I’m hearing the “that’s it, the bond bubble has burst, prices are going to crash”. Maybe they’re right, but to me this is just a big backup in yields within the process. Second half of 2017 will be another story. This whole approach to markets of wildly swinging from bearish when prices are falling, and possibly right at the lows, and missing the bottom by a mile. Then getting bullish after a big rally, and not taking some profits into strength – this stuff kills a trading account – kills it! I warned at the recent highs in bond prices about taking some profits, it was getting exuberant again. It is again time to buy bonds/yields to fall. Video as of 2/13/17.
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