European Shorting
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He cites specific examples of investing in very high-quality corporate bonds such as Apple (AAPL) and limiting exposure to long-dated fixed income investments.
For PIMCO specifically, Gross is reducing the duration of its portfolio because he believes that at some point there will be a consequence to the Fed action.
He thinks asset prices have been elevated by government action, as has the economy which is helped by extremely low interest rates.
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