Europe is slowing. Need proof?
Look no further than recent moves in 10-year yields in Germany and Switzerland.
The yield on the German Bund is in ZIRP (zero interest rate policy) territory at 0.06%. Meanwhile, Switzerland went NIRP (negative interest rate policy) earlier this year with its 10-year yield sitting at -0.35%.
Translation? It’s a good time to be a bond bull in Europe.
“People in Europe are well-aware of the developing European recession,” McCullough explains in the video above. “This is why bond bulls have been getting paid.”
Watch the full video above for more.
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.