Are we at the beginning of a multi-year "Great Rotation" from bonds to stocks? Gross weighs in on the subject:
- Gross is bullish on the stock market and thinks it can go up another 5% over the remainder of the year.
- What he has observed though (at PIMCO) is that the money flowing into stocks isn't coming out of bonds; it is coming out of money market funds.
- He thinks a bear market in long bonds began last summer, and he has been advising investors not to own the 10-year or 30-year.
- Gross is bullish on the stock market and thinks it can go up another 5% over the remainder of the year.
- What he has observed though (at PIMCO) is that the money flowing into stocks isn't coming out of bonds; it is coming out of money market funds.
- He thinks a bear market in long bonds began last summer, and he has been advising investors not to own the 10-year or 30-year.
