Don't underestimate Burry's predictions
Long-term bond yields will continue to rise in response to higher inflation expectations. Therefore, instruments like TTT, TMV and TBT have ample room to continue rising (you can see the positive correlation between the two).
In addition, all 3 appear in the portfolio of Scion Asset Management, owned by Michael Burry. I simply do not subscribe to the idea that he has already liquidated these positions, considering that the inflation that he foresees has not yet materialized and that the fed has not raised rates yet, not counting the fact that he is not usually the guy who sells before his bet is fully completed, he is able to hold very risky assets for a long time, and I think this is the case. From my perspective, this is just the beginning.
In addition, all 3 appear in the portfolio of Scion Asset Management, owned by Michael Burry. I simply do not subscribe to the idea that he has already liquidated these positions, considering that the inflation that he foresees has not yet materialized and that the fed has not raised rates yet, not counting the fact that he is not usually the guy who sells before his bet is fully completed, he is able to hold very risky assets for a long time, and I think this is the case. From my perspective, this is just the beginning.
