"This is how Chris Watling, of London’s Longview Economics, sums up the reasons to avoid bonds (and therefore, implicitly, buy stocks):
"Bond markets are undergoing a “regime shift,” reflecting a change in the inflation regime. Inflation, for example, has persistently surprised to the upside in recent months. In 2H last year, the consensus was that “inflation is transitory” yet the latest headline rate is 7.9%. Furthermore, the labour market is tight, and further price/supply shocks have just emerged (Shenzhen lockdown, Russian war etc.)...""
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