Market turmoil increases the attraction of cash
“Deciding whether to hold bonds or stocks these days is akin to choosing between the frying pan and the fire. Rising U.S. Treasury yields helped trigger an equity market decline that this week officially became a correction. Given that fiscal and monetary policies could hurt even the safest government debt, cash may become the most prized of all assets in the selloff.”
MK note: If inflation is knocking on the door, as many have suggested, you really don’t want to be in cash. Gold is the better alternative.