One-billion-dollar Question: Where does the bond money go?
SPY? QQQ? ARKK? JETS? TSLA? BTC? or Robinhood YOLO? Maybe Pet rock?
$美国国债20+年ETF-iShares(TLT)$ $美国25年+零息票国债指数ETF-PIMCO(ZROZ)$
会先去Cash,然后回到股市里来,主要流向小盘股,价值股,周期股,新兴市场股。当然也有spillover要去大宗商品,黄金,比特币。
股债轮动