Morgan Stanley said on Thursday it would buy asset management firm Eaton Vance Corp for about $7 billion in a cash-and-stock deal.
Investors should curb expectations for returns over the next 3 to 5 years, says Pimco.
Ray Dalio, founder of the massive Bridgewater Associates investment firm, has been railing against cash all year long.
What matters now is the “creative destruction” of markets that has taken place due to the pandemic, dividing stocks into winners and losers.