This Time Is Not Different: Armored Wolf’s Brynjolfsson

Even though bond markets have rallied recently, many analysts have held to their year-end interest rate estimates and see this as a selling opportunity that investors can take advantage of while preparing for inflation to finally start picking up again. “Don’t pick pennies up in front of steam rollers,” writes Armored Wolf chief investment officer John Brynjolfsson in the hedge fund’s monthly newsletter. “Inflation is already ticking up, and it is time to short Treasuries, buy TIPS, buy Commodities, and position for Reflation.” The Ex-PIMCO executive starts off the letter stating: This time is not different Looking forward to June, my…