Relative Sentiment Investing with Ray Micaletti
Excess Returns
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Investing in Commodity ETFs?
The 6040 has a return over the last, how far back does this go? It's something like an 8.5% return with a standard deviation of 9.6. That's probably higher than it's going to be in the next 20 years just giving where valuations are and getting more rates are. So I think with this, you're using retail to sediment and to indicate inflation or give you a signal on inflation expectations. And then you're allocating between nominal bonds and tips. If everyone's retail is very bearish in the assets that are highly correlated with inflation, I'd be mostly involved in the nominal bond. But if there are very bullish in the indices that are
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