Inflation-adjusted bond yields were negative for about two years, providing a key pillar of support for risk assets, which looked more appealing as a result. Their climb above zero has evaporated that positive backdrop, undermining equity valuations and threatening their relative attraction to bonds. .
(Bloomberg Opinion) – As chairman and chief executive officer of JPMorgan Chase & Co., Jamie Dimon is perhaps the most powerful person in the banking industry anywhere in the world. So when he says – like he did on June 1 – that investors should brace for an economic “hurricane,” it’s worth taking the warning … Read more