Maggie Lake Talking Markets Episode 85: What Next For Bonds? With Dale Pinkert.
Sep 19, 2025
Joining the discussion is Dale Pinkert, a trading coach at TradeGateHub known for his tactical insights on various markets. He examines the implications of the Fed's recent 25bps cut and its impact on bond yields. Dale shares his bullish outlook on energy and forecasts a potential rise for Ethereum toward $4,000. He also offers unconventional views on how the dollar, S&P, and gold might rise together amid geopolitical risks, while expressing concerns about crowded positions in gold and bearish signals for crypto.
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Episode notes
Bonds May Be At An Inflection Point
- Dale sees this week's bond action as a potential inflection, not just noise.
- He warned the 10-year may test 4.20 then 4.40 and possibly break toward 4.70 if momentum continues.
Prefer Short Cable Over Euro
- Dale expects a dollar bottom and prefers shorting the British pound over the euro.
- He argues euro-pound strength means euro is relatively stronger than cable, so shorting pound gives better dollar-short exposure.
Flight From Europe Can Lift Dollar And Gold
- Capital flight from Europe could lift the S&P, gold, and the dollar together.
- Dale cites Martin Armstrong's Socrates timing idea to explain the counterintuitive co-move.