Posted 1/23/2024, 7:30:00 PM
Bill Gross: Bond Bull Market is Over, Brace for Losses in 2023 But Some Stock Opportunities Remain
- Bill Gross warns the decades-long bond bull market that fueled his career is over amid rising rates
- Gross says bonds face another year of losses in 2023 though rates may fall slightly
- Stocks aren't cheap either with still-high P/E ratios compared to interest rates
- However, Gross sees some stock opportunities like MLPs with high dividends
- MLPs could also be acquisition targets, as seen in Sunoco's offer for NuStar