revisiting the BOND/SPY ratio
It's possible today was the day bonds finally reverse and start becoming attractive to investors again. This is a monthly chart with steep bullish divergence, so we're talking about a multi year (and possibly decades) of an uptrend from here. If you don't know how to read a ratio chart, it simply shows the amount of SPY etf it takes to make one BND etf. If it's in an uptrend, then it takes more SPY to make one BND. That could mean 3 possibilities -
1. SPY and BND rally together but BND outperforms to the upside
2. SPY keep going down and BND goes down much less in percentage
3. SPY keeps dropping or stays stagnant for years while BND rallies
My guess is 3. Especially if SPY drops and then meanders for years with meager returns, BONDS may become the play for the coming decade.
1. SPY and BND rally together but BND outperforms to the upside
2. SPY keep going down and BND goes down much less in percentage
3. SPY keeps dropping or stays stagnant for years while BND rallies
My guess is 3. Especially if SPY drops and then meanders for years with meager returns, BONDS may become the play for the coming decade.
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