Highland Capital, one of the most reputable alternative investment advisory firms in the U.S. and largest firm in Dallas, TX offers advice to stakeholders, institutions, and corporations. CIO and Founding Partner, Mark Okada knows the markets and often appears on media to discuss various topics about national and global markets. In December 2016, he appeared on Bloomberg Daybreak – America to discuss the fall of the bull market in the U.S. He was faced with tough questions asked by three other panelists who appeared on the show regarding the end of the bull market. Mr. Okada discussed only facts about the real economy, pro-growth, monetary policy, and negative interest rates.
In 33 years, the bull market has consistently decreased starting from 1984 based on a 30-year chart of 10-year treasury yields in the United States. Only time will tell if the bond market will increase anytime soon in the future under new government leadership. Mark Okada told Bloomberg Daybreak that it’s the flows and what is really happening with the economy. He said the country has had a one half trillion dollars of retail flows into bond funds over the last 10 years and nothing going into equities. It’s starting to turn a bit and while the flows are going the other way, there will be a tilt against the bond market, Okada explained.
Economic indicators are showing full employment and wage pressures moving the economy. The governments and central banks are dealing with Americans seeing a flip from inflation to deflation, Mark Okada believes. He says the election isn’t about President Trump, but the Republican sweep. If the government focuses pro-growth things and get something done, the fiscal can happen, he said. The U.S. bond market is backing up because money is flowing back some.
Highland Capital Management has a 26-year history providing advisory investment services. The firm and its affiliates are manager of $18 billion in assets the end of 2016. CIO Okada and other executives at Highland appears frequently on the media to provide insight on trading and the economy.