The choice of "long-term contrarian investors"
Bank of America’s Hartnett provided an asset recommendation matrix for "long-term contrarian investors." He believes that based on the rolling annualized returns over the past 10 years, the long-term return rates of major asset classes indicate that any long-term contrarian investor should go long on U.S. Treasuries, UK stocks, and global real estate, while shorting U.S. large-cap stocks. The chart shows that the rolling annualized return of U.S. Treasuries over the past decade is -0.2%, the worst level in the past 100 years
Bank of America’s Hartnett provided an asset recommendation matrix for "long-term contrarian investors." He believes that based on the rolling annualized returns over the past 10 years, the long-term return rates of major asset classes indicate that any long-term contrarian investor should go long on U.S. Treasuries, U.K. stocks, and global real estate, while shorting U.S. large-cap stocks.
The chart shows that the rolling annualized return of U.S. Treasuries over the past decade is -0.2%, the worst level in the past 100 years.
