Mark Ungewitter is a Senior Vice President
and Investment Officer at Charter Trust Company.
In this section you will find articles that look
at technical aspects of the market and the economy.
Will Bonds Repeat the "Massacre" of 1994?Charter Trust Company By Mark UngewitterApril 3, 2013 At last year’s Contrary Opinion Forum in Vermont, Michael Aronstein of Marketfield Asset Management outlined the case for brisk economic recovery as one of the most contrary of all possible opinions. With this thesis in mind, I recently examined the behavior of 30-year Treasury bonds, comparing today’s environment with that of 1994. See attached chart. In 1994, the bond market was surprised by the Fed’s initial [...]