The ‘Anything But Bonds’ Phenomenon: Bank of America’s Take on Main Street’s Spending and Wall Street’s Strategies
In the past year, the U.S. government has poured $6.2 trillion into various initiatives, catching the eye of investors. According to Bank of America’s strategists, spearheaded by Michael Hartnett, this fiscal splurge spells a trajectory of no end, spiraling into inflation and a long-term downturn in bond markets, hence fueling a fervent appetite for alternative […]