Brenda Vingiello, CIO, Sand Hill Global Advisors Vanguard Long-Term Treasury ETF VGLT-Q BUY Jul 15, 2022

If commodity prices continue to move exponentially it will likely degrade demand, so she trimmed a holding to buy long-term treasury bonds, the first time she has held Ts for over a decade. She expects the economy to worsen, so she bought Ts to be defensive, and this was the right moment.