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Bonds and the Draw Dons
The 20 plus year treasury bond, e t f, is down 16 %. The last time we lost money in bonds was two thousand 13 before that, in 19 94. And so we are in this weird situation where, if you go back to 19 76, bonds and stocks have never declined for three consecutive months. That was almost about to happen, and it still could, if the esn pe rolls over prior to the kicksave.