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THE BEAR MARKET RALLY: As of now, it’s said that markets have “completely given up’ on hopes of a Fed pivot this year”….and with that, comes the warning from Morgan Stanley, that “The Bear Markey Rally Will Resume.” As they say, “U.S. stocks are more expensive than at any time since 2007 and the Global Financial Crisis.” They also believe that “this rally is a bull trap, but recognize if these levels can hold, the equity market may have one last stand before we fully price the earnings downside”…which, is another way of saying: company profits will be declining - and, as a result - their stock price is likely to continue falling.
WARREN BUFFET BUYING: Warren Buffet is currently holding on to $77.9 BILLION DOLLARS in treasuries, “while reiterating that it’s not so painful to be sitting in cash anymore”….and this is for good reason: Treasuries are currently paying a guaranteed 5% on 6-12 month terms and, if you’re looking to get something similar, here’s what you need to know:
RICH MILLENNIALS : Bank of America believes that millennials are tired of volatility, and - instead - they’re choosing 3 asset classes that have historically held up to inflation, with number one being: REAL ESTATE. As Bank of America explained, “28% of younger people said real estate presents great growth potential. And 31% of the older group held the same opinion.”
In addition to that, SECOND, they’re buying alternative investments. In fact, more millennials believed that this offered a greater opportunity for building wealth, than they did with REAL ESTATE.
And finally, THIRD, we have Private Equity. This refers to a privately held company that’s NOT publicly traded…and, in this case…1-in-4 millennials believed that this was the best opportunity to for their cash.
As far as what you could expect over these next few weeks, with inflation picking up, we’re likely to see even more rate hikes from the Federal Reserve when they meet next on March 22nd.
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