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High Conviction

The Compound and Friends

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What Happens When Stocks and Bonds Are Correlations?

The one year correlation has now flipped positive the five year correlation looks like it's about to turn positive. What happens when you're diversified is not to work well that was the entire thing what happens for decades but what happens if it's a decade? The idea that you're going to get killed in bonds again seems kind of unlikely and i mean i guess it could be destroy you anyway yes rightbut i mean  I think we'd spend overnight went nuts on rates yeah you drop rates as fast as you could so then all of a sudden they moved in verse last year.

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