Cash Is Trash Again

Cash Is Trash Again

"[You’re] going to feel pretty stupid if you’re holding cash", Ray Dalio famously said, in January of 2018, just days before the implosion of the VIX ETP complex catalyzed the first of that year's two equity corrections. By the end of 2018, cash was the best performing asset class on the planet, returning nearly 2%. Virtually everything else (save Treasurys, which eked out a ~1% gain) suffered losses amid the latter stages of the Fed's tightening campaign (figure below). Fast forward two y
Subscribe or log in to read the rest of this content.

2 thoughts on “Cash Is Trash Again

  1. It depends on your perspective. If you think other assets are over-valued and due for a correction (or worse), then losing a couple percent real yield doesn’t sound so bad.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.

NEWSROOM crewneck & prints