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'Cash is no longer trash': Market forecaster Jim Bianco warns stocks face stiff competition - TL;DR CNBC

'Cash is no longer trash': Market forecaster Jim Bianco warns stocks face stiff competition

Publishing timestamp: 2023-02-22 20:52:01


Summary

Wall Street forecaster Jim Bianco believes rising interest rates are giving investors safer ways to generate income, and that cash is no longer a waste of time. He believes the 6-month Treasury Note yield will soon rise to 6%, and that this could suck money away from the stock market. He also believes that the Fed is likely to continue raising rates in order to curtail inflation.


Sentiment: NEUTRAL

Tickers: .IXIC.DJI.SPX

Keywords: unemployments&p 500 indexjerome powellmarketsmonetary policyinflationpersonal debtrecessions and depressionsjobscryptocurrencycorporate stocku.s. treasury bondsinvestment strategybondstreasury billswall streeteconomybusiness newspersonal incomeu.s. dollarus dollarnasdaq compositeconsumer bankingonline bankingtreasury notesdow jones industrial averageconsumer spending

Source: https://www.cnbc.com/2023/02/22/cash-no-longer-trash-jim-bianco-warns-stocks-face-serious-competition.html


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