At BlackRock Inc., PGIM and other Wall Street firms, bond-fund managers are sticking to trades that will likely pay off.
A growing number of respected Wall Street voices are sending the same message to investors: make room for gold.
Trump predicted that a US government shutdown is likely, citing a stalemate between his party and Democrats.
The Fed poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy.