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But we saved everything 🙂.
Peter Mallouk points out that the 10-year Treasury yield has climbed to its highest level in 19 years.
He stresses that the bond market is sending a message to Washington about the risks of running trillion-dollar deficits and allowing persistent inflation, which can ultimately lead to significantly higher borrowing costs.
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Mallouk has previously discussed the differences in investment approaches, referencing a $1 million bet with Mark Cuban focused on stocks and crypto. In that interview, he highlighted how the wager reflected diverging strategies over five years. Details on Mallouk’s perspective are available in the earlier article.