The market rally has been strong despite surging bond yields, but for now. Tesla popped on plans for a stock split. Read More...
Reuters
Marketmind: King cash is naked
Storing wealth in cash is clearly a counter-intuitive call when inflation is surging towards double-digit figures for the first time in a generation. BofA analysts also warned that commodity prices were on track for their biggest increase in over a century while government bonds were set for their worst year since 1949 as central banks raise interest rates to tame surging inflation. With equity markets losing more than 5% so far this quarter, many investors may feel vindicated in deserting risky stock markets where dividends and capital gains are looking less attractive compared to fast-rising government bond yields.
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