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Buying Junk Bonds Is the Top Contrarian Trade for 2024

Buying Junk Bonds Is the Top Contrarian Trade for 2024
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Buying Junk Bonds Is the Top Contrarian Trade for 2024

(Bloomberg) Worries about an economic downturn aren’t enough to dissuade market participants from being bullish on risky debt as their top contrarian trade, according to the latest Bloomberg Markets Live Pulse survey.Most Read from BloombergBiden Has Wiped Away $127 Billion in Student Loan DebtAn Opioid-Like Drink Is Masquerading As a Wholesome Alcohol AlternativeXi Jinping’s ‘Old Friends’ from Iowa Get a Dinner InvitationTrump’s 40 Wall St. Loan Transferred to Special ServicerIceland Braces ....

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Buying junk bonds is the top contrarian trade for 2024

Big reversals in risk assets last year were closely correlated with changes in investors positioning gains came after investors sharply reduced risky bets and declines occurred after buying sprees. ....

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