“Get tomorrow’s Bloomberg headline, today, at Contrarian Outlook !” Our new slogan for 2023? Perhaps. I bring it up because our bond recession trade has already gained steam into an outright bandwagon . Just three weeks ago, we contrarians shouted alone in the dividend woods. “Buy these safe bonds paying 4.2% before a 2023 recession!” Our logic was simple. The 10-year Treasury bond hadn’t paid 4% or more in 14 years. With stocks looking shaky (to say the least!), the 4-handle coupon was attracting some whale buyers, including our man the “bond god” Jeffrey Gundlach (more on him in a moment).… Read more