Earlier this week, we noted that “the Consensus Hates Bonds.” That is a small part of the reason my firm decided to increase our exposure to specific types of fixed income this year after having been significantly underweight bonds in 2013. I mentioned we added preferreds and corporate fixed income, obtaining that exposure primarily though exchange-traded funds.
That struck a chord with J.C. Parets, a chartered market technician. J.C. is founder of Eagle Bay Capital, LLC, and is the author of the blog All Star Charts.
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