Rising bond yields could make bonds tougher competition for US stocks
Bloomberg reports that Wells Fargo strategists see a fast, possibly painful end to years when US stocks faced relatively weak competition from bonds or Treasuries in investor portfolios.
TLDR
Bloomberg reports that rising bond yields could drive a reset in stock allocations. Wells Fargo strategists say US stocks’ long stretch of relatively weak competition from bonds or Treasuries in investor portfolios looks set to end quickly, and possibly painfully.
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