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The Weekend Edition is pulled from the daily Stansberry Digest. The Digest comes free with a subscription to any of our premium products.
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| Longtime readers know Steve Sjuggerud is a true contrarian… Steve has made a career of recommending cheap, hated assets that most investors have no interest in owning… And he has a long track record of winners to show for it (including the best-performing recommendation in Stansberry Research history). But in last month's issue of his True Wealth Systems service, Steve made what could be the most contrarian recommendation of his career so far. From the issue…
As Steve explained at the time, practically NO ONE believes interest rates can go lower today. Instead, speculators are making record bets that rates will go even higher…
Yet, while smart-money traders were as bullish as they'd ever been, Steve noted the trend in rates had already quietly turned down…
As Steve noted, this was a perfect setup for a big short-term move lower in rates…
Interest rates peaked just days after Steve's recommendation and have been moving lower since. The yield on the benchmark 10-year Treasury bond has fallen to around 2.3% today. But Steve isn't the only notable analyst who believes rates could be headed even lower from here… ----------Recommended Link---------
"Bond God" Jeffrey Gundlach now agrees… Regular readers know Gundlach – CEO of investment firm DoubleLine Capital – called the bottom in long-term interest rates last summer when virtually everyone thought rates could only go lower. As we noted in the July 13 Digest…
He was exactly right… 10-year rates bottomed at 1.35% in early July and soared to 2.6% by year-end. Gundlach still believes the long bull market in bonds is over, and rates are headed higher over the long term… But today, like Steve, he says rates could fall much further before the rally resumes. Gundlach expects the 10-year Treasury yield to drop below 2.25% "at a minimum," but he wouldn't be surprised to see it fall below 2% before moving higher again. Gundlach also believes the post-election "reflation trade" has peaked for now, and he no longer thinks we'll see 10-year rates break above his critical 3% level this year. As he told news service Reuters…
Gundlach could be correct… The fate of the so-called "Trump Trade" – the big rally in the U.S. dollar, stocks, and interest rates driven by expectations on higher growth and inflation – will likely depend on what happens over the next few months. If Trump and the Republican Congress can deliver on his "big three" policy proposals – tax reform, regulatory reform, and infrastructure spending – we could see a new era of growth (and potentially a lot of inflation). If they fail, we could slide back into a serious recession (or worse). We believe tax reform could be the most critical of the three… This coming debate could determine the future of the U.S. economy for the next few decades. That's why we held an exclusive event earlier this week in which we interviewed the "Metropolitan Man" about all the ramifications. We shared everything we know about what likely comes next… and what it means for the country, the economy, and your money. But don't worry if you missed this week's event… You're not too late. For a limited time, you can gain access to a replay of the briefing. Click here for all the details. Regards, Justin Brill Editor's note: If President Trump's tax agenda unfolds the way we expect, you could make hundreds-of-percent gains by targeting a specific group of winners and losers Porter and his team of analysts have identified. Learn more here. |
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