Cash Rethink Energises Asset Markets
High interest rates made cash attractive, until stocks took off
Unhedged · Financial Times & Pushkin Industries
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Show Notes
As interest rates jumped, cash ruled for a lot of investors. The payment for doing absolutely nothing – in the form of money market funds and other interest-bearing instruments – was the highest in decades. But that may be changing as equity markets outperform and the soft landing feels more like a reality. Today on the show, we re-evaluate sitting on the sidelines. Also we go long hairstyles in Taiwan and short the Big Tech stocks.
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