Sohn Conference attendees can expect the new Bond King to cover a lot of ground, perhaps even last year's pick: Puerto Rican bonds.
Investors should expect low returns over the long-term as valuations for most risk assets are stretched and yields remain low.
Stocks have not been the only asset class to bounce back since mid-February. High-yield bonds have also made a rapid recovery.
Stocks have not been the only asset class to bounce back since mid-February, high yield bonds have also made a rapid recovery.
Don't be fooled by a Dow over 18,000, says David Wright, portfolio manager for the Sierra Strategic Income Fund.
The Dow Jones Industrial Average may be back above 18,000, but the bell weather equity index does not reflect the true problems underlying the economy.
The Barclay's U.S. Aggregate bond index was up three percent in the first quarter after a flat 2015.
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