Investors need to watch only one number in 2017 to figure out what returns are going to look like across the various markets, bond guru Bill Gross said Tuesday. Whether the 10-year Treasury yield crosses the 2.6 percent mark will be critical both to the bond market and to stock prices, the fund manager at […]
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Gross: Another 10% Drop Ahead
“More negative numbers lie ahead and if you define a bear market by a 20% correction, at some point — that’s six to 12 months — we’ll have a classic definition of a bear market, meaning another 10% downside.” Bill Gross, manager of the $1.4 billion Janus Global Unconstrained Bond Fund, said the whipsaw market […]
