Opinions
Jon Nagerian, Co-founder, MarketRebellion.com
iShares Corporate Bond ETF
LQD-N
BUY
Mar 21, 2022
Last week the market was buying downside puts at the 118 strike. We're now at 120. This means people are anticipating higher rates for corporates and individuals. Last week we saw mortgage rates jump and this may erode gains in housing. However, overseas investors own nearly 40% of US stocks--and those people are not re-investing in Europe. This will continue and these folks will be long term. We'll see some rallies and the rest will depend on the news flow.
$120.660
Stock price when the opinion was issued
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