Harley Bassman on Trump, the Fed, and the Bond Market

Bullish:

• $BONDS - Harley expresses a strong bullish stance on bonds, which he has maintained for months. He also suggests that current Treasury yields may be too high relative to nominal GDP, implying a potential opportunity in the bond market.

  • “I've been saying for many, many months now I mean, I am hired for longer.”

    Harley·10:37

  • “We have nominal GDP coming in, like, at 5 ish. Okay. That that mean nominal GDP should kinda equal 10 year rates in the grand scheme of the world as a UChicago person.”

    Harley·13:28
• $VOL - Harley anticipates continued market volatility due to uncertainty surrounding Trump's cabinet appointments, suggesting a potential opportunity in volatility-based instruments.

  • “So I I I think we're gonna still see a lot of volatility in the market until we see the slate of who he's gonna bring in for the key positions.”

    Harley·21:50