Not to dispute the numbers, just the interpretation, as in I think a low-double digit return in ~16 months is still something to write home about, especially co

Not to dispute the numbers, just the interpretation, as in I think a low-double digit return in ~16 months is still something to write home about, especially considering that as recently as August 2019 there were bonds worth $17 trillion returning bellow 0 numbers (that amount is now down to $12 or $13 trillion if I’m not mistaken, but it’s still a lot). Which is to say that the market is crazy and that past ways of looking at things no longer apply.