Thursday, March 19, 2020

Quote of the Day

Bond strategist -- and respected analyst of all things Fed and credit markets -- George Goncalves echoes what you've been reading herein of late, regarding the "buy the dip?" question:

"’s uncharted territory and no need to rush to call bottoms, let things work themselves out, wait for vol to come off & liquidity to return. Given so many unforeseen items that still lie ahead, what is the rush? Expect many false dawns (bear mkt rallies) until we bottom."

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