Blackrock Recommends Lowering Bond Duration Amid 'Hypnotized' Markets

Blackrock’s Chief Investment Officer for Fundamental Fixed Income Rick Rieder thinks that “markets are hypnotized” and, using an old Wayne Gretzky hockey expression, investors need to go “where the puck is headed.” Speaking at a June 18 presentation, the slides of which were reviewed by ValueWalk, Rieder noted a historic benchmark at this unique point in time as he found the open area in the high slot, unnoticed to the side of the net. Blackrock: Portfolio should be balanced and liquid As an interest rate experiment that some consider of Frankenstein proportion is coming to an end, while others considered…