'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
Keywords: unemployment, s&p 500 index, jerome powell, markets, monetary policy, inflation, personal debt, recessions and depressions, jobs, cryptocurrency, corporate stock, u.s. treasury bonds, investment strategy, bonds, treasury bills, wall street, economy, business news, personal income, u.s. dollar, us dollar, nasdaq composite, consumer banking, online banking, treasury notes, dow jones industrial average, consumer spending,