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Kelly Advisor Podcast

Aug 11, 2021

  1. The bond market is a better barometer of the economy's condition than the stock market.
  2. Look around you. Bonds are everywhere. Take the municipal bond market. There are over 44,000 municipal bond issuers in the U.S. with over one million muni bond issues outstanding. Your local schools were probably financed with bonds. Not to mention the library and water treatment facility. 
  3. The Federal Reserve has effectively nationalized the bond market. Its extraordinary intervention has, arguably, encouraged investors to flock to stocks.