WES - Bond King Signals Recession Warnings Outlines Asset-Rich Dividends

2024-02-09 08:30:00 ET

Summary

• "Bond King" Bill Gross says the markets are mistakenly ignoring the likely possibility of a hard landing.
• He insists that a capitalistic and finance-driven economy doesn’t do well with an inverted rate curve.
• The Bond King's endorsement affirms our bullishness on midstream MLPs, recognizing their asset-monetization potential and inelastic operations.
• We discuss our top picks from this robust sector, Enterprise Products Partners and Western Midstream, for ~8% yields.

Co-authored with “Hidden Opportunities.”

Legendary bond investor Bill Gross created the first investable market for fixed income accessible to all investors. In 1971, he co-founded and led one of the largest and most successful investment firms – PIMCO – in a vibrant career spanning 40 years. His strategy and techniques over time made fortunes for investors through recessions, wars, and other global and domestic tensions, giving him the apt title “Bond King.”...

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