Investors are piling out of bonds into stocks today. Long bonds are down over 3% and the 10 year treasury rate is back at 3.7%. The fuel for last weeks equity rally is now ignored as massive reallocation takes control of the markets.
Mr. Roche is the Founder and Chief Investment Officer of Discipline Funds.Discipline Funds is a low fee financial advisory firm with a focus on helping people be more disciplined with their finances.
He is also the author of Pragmatic Capitalism: What Every Investor Needs to Understand About Money and Finance, Understanding the Modern Monetary System and Understanding Modern Portfolio Construction.