From BI: For years, investors have watched in disbelief as the
30-year bull market in fixed-income assets has raged on, leaving bears in the
dust.
The bond skeptics are having another moment, as talk grows
of a "great rotation" from bonds into equities, as rates finally
start to rise, and the economy turns back into the old normal.
Dan Fuss of Loomis Sayles is the third bond fund manager to
be called a "bond god" (the other two are Bill Gross and Jeff
Gundlach). He is strongly of the view that the current fixed income market is
out of control, and that a reckoning is coming.
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