Yield Curve Gurus: Inflation Ahead
“Bonds are very risky right now,” said Campbell Harvey, a finance professor at Duke University who pioneered the yield-curve prediction tool.
“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.
At 90, one of the greatest investors of all time urges a new generation to maintain "inner calm" and trust the greatness of American innovation.
Singer exuded frustration at what he sees as the hysteria driving everything from Bitcoin to government debt -- a “return-free risk,” he complained.
Because niche opportunities are limited and Wood has been so successful at attracting new cash, much of it floods into the same companies.
He sees market returns being lower in the next decade. But don’t count on him to sell stock. After all, he’s stayed invested through worse cycles.