Bond Market Contrarian Says It's Time to ‘Look at Being Bullish’
- Former ‘Gartman Letter’ publisher cites Friday trading pattern
- ‘Reversal to the upside’ in long bond may signal yield drop
Dennis Gartman
Photographer: Peter Foley/BloombergThis article is for subscribers only.
The climb in Treasury yields that’s threatening to inflict trillions of dollars in losses on fixed-income investors looks like a buying opportunity for one long-time observer of financial markets.
“I haven’t seen this sort of listing of the boat in a market in a very, very long time,” says former “Gartman Letter” publisher Dennis Gartman, referring to recent bond-market bearishness. “So a contrarian has to say, ‘I should look at being bullish’” on bonds.