“HSBC should stop being so prudent, take risk and expand -- or otherwise shrink, and shrink fast.”
Despite claims of being smarter than the index funds, the $98 billion allocation looks a lot like the S&P 500, only with a few added index funds.
The opposite of stagflation can't last forever, the billionaire founder of Citadel warns. Markets and even the Fed would be caught flat footed.
The firm says the virus would hit U.S. economic growth by up to 0.5 percentage points in the first quarter, but the drag would be recouped fast.