Zortix matched this thesis to Rates & bonds ETFs as the exposure the bearish case argues against, most actionable for readers who already hold them. Not a recommendation.
The end of the 40-year interest rate tailwind
Howard Marks' 'Sea Change' memo argued that the decades-long tailwind for asset prices from steadily declining interest rates has ended, fundamentally altering the investment environment.
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The story so far
DORMANT · 3 MENTIONS · 2 SHOWS
1 UPDATE · 2 REPEAT
- THE INSIGHT BY OAKTREE CAPITAL
- THE MEMO BY HOWARD MARKS
- The end of the 40-year interest rate tailwind · THIS IDEA
- THE MEMO BY HOWARD MARKS
HOW THE SHOWS HAVE DISCUSSED THIS THESIS OVER TIME · NOT A PERFORMANCE RECORD