Every year you see investment publications pushing fixed-income products. Here's the risk with those.
I am extremely nervous about any asset that has benefited from TINA or FOMO.
The central bank dropped a hawkish bomb in the press release that I don't think many were expecting. Here are my thoughts on what was said and what comes next.
Was this a good report or a bad one?
There are other reasons that contributed to Friday's selloff that still need to be resolved.
One thing needs to resolve itself now that higher-for-longer inflation is becoming the consensus.
There was a time when we would see a headline cross, then watch for the tape to move. Now, we see the tape move and then look for the headline.
It's one reason for maintaining a neutral near-term outlook for equities.
I've yet to see an asset or sector that is wildly underweight in portfolios fail to deliver going forward.
In response to the Evergrande situation, look for China to further its domestic focus at the expense of its global focus.