Tuesday, June 4, 2013
Bill Gross – June 2013 Investment Outlook: Wounded Heart
The Wounded Heart Speed Read
1) Financial markets require “carry” to pump oxygen to the real economy.
2) Carry is compressed – yields, spreads and volatility are near or at historical lows.
3) The Fed’s QE plan assumes higher asset prices will revigorate growth.
4) It doesn’t seem to be working.
5) Reduce risk/carry related assets.