Portfolio Watch: From a bond bear bonanza to a stock rally
Good Friday everyone!
We are back with our Portfolio Watch here as we embark on the week’s last trading day!
We are not surprised by this week’s bounce nor are we unhappy with the profits we’ve made on the back of it. As I wrote in last week’s Portfolio Watch: “(…)We have been taking in some water in our longs in bonds and equities and while we won’t be surprised by a rebound next week, we may be entering a phase where adding shorts is a prudent risk/reward option” and here we are with what looks like the best week for global stocks since November
Chart 1: Global Equity Performance
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