This is a short covering rally. When it is over we will still be left with the reality of:
- A huge deb t crisis created by our Fed and two presidents, Trump & Bidden.
- A dysfunctional government that can’t fix the problem, even if they knew how.
- An awakening China with a stable government
- A rate of return greater than 5% on short and intermediate term high grade corporate bonds.
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About Frank Sortino
Frank Sortino is finance professor emeritus from San Francisco State University and Director of the Pension Research Institute which he founded in 1981. For 10 years he wrote a quarterly analysis of mutual funds for Pensions and Investments Magazine and he has written two books on the subject of Post Modern Portfolio Theory. He has been a featured speaker at many conferences in the U.S., Europe, South Africa, and the Pacific Basin. Dr. Sortino received his Ph.D in Finance from the University of Oregon and has carried out research projects with many institutions like Shell Oil, Netherlands and The City and County of San Francisco Retirement System.
Post Modern Portfolio Theory (PMPT) 