It took me a really long time to learn this - but as George Soros would say, "The puzzle is complex. The solution is simple." If you're bearish bonds, don't short growth stocks, short bonds.
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That is flawed. There is a very clear relationship between valuation multiples abs bond yields. AND, that impacts growth stocks even more sopic.twitter.com/pAoFCMtsKx
"There is a very clear relationship" *posts graph showing absolutely zero evidence of a relationship*
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...and there is a much stronger relationship between interest rates and bond prices.
Thanks. Twitter will use this to make your timeline better. UndoUndo
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