The world’s biggest central banks will happily live with higher inflation.
“Bonds are very risky right now,” said Campbell Harvey, a finance professor at Duke University who pioneered the yield-curve prediction tool.
"I think this kind of crazy speculation in enterprises not even found or picked out yet, is a sign of an irritating bubble."
Across Wall Street, strategists ransack their playbooks for ways to position for a sharp recovery out of the pandemic as the Fed stays hot.