I have decided to start publishing my Quarterly Client Update Letters as True Vine Letters.
If I had to buy only 1 bond fund today and hold it for 15 years. This would be it.
The US stock market is down about 15.5% from its late September high and about 7.5% from the beginning of the year. In this Letter, I put things in perspective and share my thoughts on why it happened and where we are headed.
Owning longer duration bond funds in the current environment is dangerous. History confirms this. In this Letter, I explain an important element of my current strategy for navigating the bond market.