Chart of the Day: Buy bonds wear diamonds

Raoul Pal from Real Vision has been active in pushing the line «Buy bonds wear diamonds» as the two asset classes to buy in this market regime. Can’t say I disagree since I published the «Preponderance of Evidence» series of ideas back in Oct’18.

TY1! is slowly and surely creeping along an intermediate uptrend line after bouncing off a multi-decade channel support. I have said it before and will say it again, this is the time to start thinking about return OF capital rather than return ON capital.

TY1! and TLT is the only 2 names I would BTFD in this market regime.