SMLL - The Recent Bond Yield And SPX Declines (And Now Bitcoin) Tend To Recur Year After Year
There has been multiple explanations and rationalizations of the very recent and sharp decline in bond yields. The most prominently published rationalization was the action taken by billionaire and former hedge fund manager Stan Druckenmiller's piling into US Treasuries as the US trade war with China escalated.
Mr. Druckenmiller was quoted by Bloomberg (here) as saying:
When the Trump tweet went out, I went from 93% invested to net flat, and bought a bunch of Treasuries," Druckenmiller said, referring to the May 5 tweet (the first one) from President Donald Trump threatening an