Here is something from Henry H. McVey, who heads Morgan Stanley’s Global Macro and Asset Allocation.
Before the year ended, he penned a long Investmentfocus piece titled “Managing Risk: Back to Basics.”
I found this chart very informative:
Bond-fund flows at an all-time peak
Managing Risk: Back to Basics
Henry H. McVey
Morgan Stanley, Global Macro and Asset Allocation
Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data and lack of respect for scientific knowledge. Be sure to create straw men and argue against things I have neither said nor implied. If you could repeat previously discredited memes or steer the conversation into irrelevant, off topic discussions, it would be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.