Bond Vigilantes Return, Sparking Stock Market Carnage and Sector Rotation
Hedge fund manager Harris "Kuppy" Kupperman predicts that there is no bottom for bonds and expects yields to continue rising, potentially reaching 6% or even the teens. He believes that the bond market is not panicking enough and sees the current situation as a "one percenter depression." Kupperman prefers investments in the real economy and is bullish on uranium, anticipating a super-spike in its price due to a future shortage. He also warns of potential trouble in the banking sector and expects a giant sector rotation rather than a stock market crash.