Cash Is a Better Hedge Than Bonds, Goldman’s Oppenheimer Says
“Cash probably represents a much better way of hedging against an increased exposure to risk assets like equities.”
“Cash probably represents a much better way of hedging against an increased exposure to risk assets like equities.”
“Our view is that there are huge Covid impacts on inflation that are going to start to decelerate. Growth is going to slow, inflation will peak.”
As it has done since 2018, Millennium will return money to clients from a share class that can be redeemed in full over a year.
Money managers are hiking bets on the great inflation trade of 2021, as the biggest risk to price stability.
Bitcoin is certainly becoming mainstream, it’s still important to maintain ample diversification with income-producing stocks.
Investors holding cash and waiting for interest rates to rise before buying bonds may be making a significant mistake.
Market participants spurned cash this week in the biggest exit in more than a year and piled into equities.