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Feb 08
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LONG
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Bob Elliott
Substack author, Nonconsensus
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Bob Elliott states he has "positioned for Easy Street ahead" and simplified his thematic trade to "stocks vs US bonds." "Easy Street ahead" implies a positive outlook for risk assets, specifically US equities, relative to the more conservative US bond market. This suggests a belief in continued economic growth or a benign environment for equity performance where equities outperform fixed income. Overweight US equities and underweight US bonds in a portfolio, or consider a long equity / short bond pair trade using broad market ETFs (e.g., SPY/VOO vs. TLT/AGG). Unexpected economic downturn, significant rise in interest rates, or a flight to safety that boosts bond prices. |
Nonconsensus
The Week Ahead 2026.02.08
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