Opinions
Brooke Thackray
iShares Barclays 7-10 Year Trasry Bnd Fd
IEF-Q
TOP PICK
Jul 23, 2018
$101.720
Stock price when the opinion was issued
E.T.F.'s
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(A Top Pick May 1/13. Down 6.22%.) Bonds tend to do well from May into October when the money comes out of the stock market and tends to go into the bond market. But this year was a little bit different. Bonds got hammered. Probably a bit oversold. Sold his holdings at about $105 in May which was its support point. He might go back into this in August and September, which is the sweet spot for fixed income.
E.T.F.'s
COMMENT
7 to 10 year treasury bond divergence. We will likely see a little rotation into this ETF. There is a triangular pattern where you have to watch and see which way it is going to break out of it. Short term equities are a little over bought and he thinks we will chop around for a couple of weeks.
E.T.F.'s
TOP PICK
A good hiding spot. Seasonally, this is where bonds do well until the beginning of October. Then, there will be better opportunities in the equities market. Bond investors are a lot more cautious than stock investors, so they're not buying into the market recovery. Bond yields may decrease even more. Yield is 1.42%.
E.T.F.'s
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Seven to 10-year government bonds do well this time of year. The past two summers, IEF had good runs, so sell them in late-September/early-October.