Stocks vs. Bonds: Who’s Right?

Published on
June 13th, 2019
Duration
16 minutes


Stocks vs. Bonds: Who’s Right?

Trade Ideas ·
Featuring Michael Purves

Published on: June 13th, 2019 • Duration: 16 minutes

Michael Purves, chief global strategist at Weeden & Co., revisits his short utilities trade from last month and highlights the current dichotomy between bonds and the stock market. He takes a deep dive into both the bullish and bearish arguments for Treasuries and the S&P 500, points out why shorting volatility make sense right now, and considers a specific put option on the VIX to make the trade, in this interview with Justine Underhill. Filmed on June 12, 2019

Comments

Transcript

  • AR
    Adarsh R.
    14 June 2019 @ 05:39
    "Extended" valuation is not a valid reason for why something "should" go down and/or sell off. Expensive can become more expensive. I do not agree with his analysis at all. However, I respect the hell out of this guy for taking ownership on a bad trade call.
    • rw
      rory w.
      1 November 2019 @ 09:59
      I dont think to this date he has yet learned his lesson. He had a bad call back in 2018, then again in early 2019. Now he is saying to buy puts on the TLT after he left Weeden. This guy is blowing up peoples PAs, he is reckless and should not be in charge of peoples money.
  • IP
    IDA P.
    13 June 2019 @ 21:51
    finally someone who has the guts to comment a trade not going well, thank you so much
  • AC
    Andree C.
    13 June 2019 @ 21:45
    Anybody know how to keep track of the Fed’s VIX related positions? St Louis Fed website?