Despite conventional wisdom, Treasuries might be the place to be
Jim Cramer, the host of Mad Money on CNBC, discussed Treasury futures market analysis created by, commodity broker, Carley Garner.
Cramer’s charts suggest it’s still worth investing in bonds from CNBC.
"The conventional wisdom on both Wall Street and Main Street is that U.S. Treasuries are one of the worst possible asset classes to own right now," said CNBC's Jim Cramer.
However, Cramer thinks that investors shouldn't be too quick to follow the crowd. The "Mad Money" host enlisted the help of technician Carley Garner, co-founder of DeCarley Trading and author of "Higher Probability Commodity Trading," to reassess the state of the bond market. Garner believes that "the bears in the Treasury complex have gotten overconfident," said Cramer.