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You Need to Pay Attention to the Bond Markets
Watch the bond market. The bond market is the basis. It's the backbone of all markets.It is the risk-free meaning defaultree probably default-free um interest rate that determines what all asset returns are going to be. And when there is a breakdown of the supply demand picture for the bond market, you see a certain type of market action, you see long rates rising relative to short rates. You see the currency go down.You see gold go up because there's a movement out of that bond market because there's a sup ...