TLT - Long-Term Bonds To Outshine S&P 500 In 2024 Asset Manager Predicts: 'You Get More Bang For The Buck' | Benzinga
The CEO of Howard Capital Management, Vance Howard, has made predictions about the financial markets that may surprise some investors. Despite the recent turbulence in the bond market, Howard suggests that long-term bonds could outperform the S&P 500 in 2024.
What Happened: Howard has been closely monitoring the performance of the iShares 20+ Year Treasury Bond ETF (NASDAQ:TLT). In an interview with CNBC, Howard shared that he began investing in this ETF a few weeks ago and has seen a 13% boost since the start of November, reported Business Insider.
“We’ve seen a really good rally in the bond market,” he added.
“I think it’s been very productive and positive, and I think people really to look at the bonds going into 2024. It may a better asset class than the S&P, even though we think the S&P is going to do very, very well.”
Howard’s forecast comes with the expectation of inflation cooling down and the Federal Reserve making three rate cuts in the year ahead. This, coupled with the current oversold status of bonds, could spark a significant rally in the bond market.
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