Bill Gross has an important message for you about the bond market. In fact, “This may be the most important conceptual change I have ever written about in an Investment Outlook. Readers who have stuck with this Outlook at least to this point have a scoop, if not a magic feather,” he writes.
But Gross, co-chief investment officer at Pimco and manager of its Total Return Fund is also the bond market’s de facto rhetorical-device-user-in-chief. So, naturally, let’s start with an extended metaphor before we get to the meat of his monthly investor letter.
….read it all HERE