"There is no risk-on or risk-off. There is always risk.”
"Wall street lingo: ‘we have a strong pipeline.’ Translated, we have a strong list of maybes.”
"It is odd that an asset class behaving in a way that is entirely consistent with its structural features is a reason to abandon it, or suggest it is not working. Bonds seem to be working just fine. Unfortunately, all asset classes are vulnerable to a particular set of circumstances, and the precise timing of those circumstances is usually well beyond our capabilities. This is why we diversify.”
"Bond yields are assumed to have an inverse relationship with stocks, so a move of this magnitude should be a problem for equities. It hasn’t been. The Nasdaq-100 also set a landmark Monday, rising 0.9% to top 31,000 for the first time. On the face of it, the big tech companies are proving immune to the rising cost of money.”
"Wall street lingo: ‘we have a strong pipeline.’ Translated, we have a strong list of maybes.”
"It is odd that an asset class behaving in a way that is entirely consistent with its structural features is a reason to abandon it, or suggest it is not working. Bonds seem to be working just fine. Unfortunately, all asset classes are vulnerable to a particular set of circumstances, and the precise timing of those circumstances is usually well beyond our capabilities. This is why we diversify.”
"Bond yields are assumed to have an inverse relationship with stocks, so a move of this magnitude should be a problem for equities. It hasn’t been. The Nasdaq-100 also set a landmark Monday, rising 0.9% to top 31,000 for the first time. On the face of it, the big tech companies are proving immune to the rising cost of money.”