https://finance.yahoo.com/news/jpmorgan-michele-says-time-exit-143330550.html
I don’t agree with this but…… it’s interesting to read what the other side thinks…..
JPMorgan’s Michele Says It’s Time to Exit ‘Cash Trap’ and Move Into Bonds JPMorgan’s Michele Says It’s Time to Exit ‘Cash Trap’ and Move Into Bonds (Bloomberg) — It’s time to exit the “cash trap” of money market funds and move into bonds as the Federal Reserve is set to pause its rate-hike campaign and then cut as soon as September, according to Wall Street veteran Bob Michele. “If we are right and we’ve seen the last Fed rate hike and the market starts pricing in rate cuts and they start cutting rates, then those cash returns will start to evaporate,” Michele told Bloomberg Television’s The Open on Wednesday. The producer price index for final demand dropped 0.3% last month on lower energy costs after rising by an unrevised 0.2% in April, the Labor Department said on Wednesday.
