Asset Allocation
BDC Stocks Soar by 12.8% in 2023, Despite Risks
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
Major investment firms such as Blackstone have pushed into business development companies, whose sizable yields are alluring.
Still-high inflation and an expected recession call for slighting stocks and most other categories, the asset kingpin advises.
After the March freak-out, when even selling a Treasury was tough, a shaky equilibrium prevails.
Some bonds may be beyond hope, and once the central bank’s backstop ends, there goes the artificial price support.