Why Hightowers top investment strategist is sticking with stocks even as high treasury yields beckon
News Source : Business Insider
News Summary
- A record $166 billion was poured into money market funds last week.
- Stephanie Link, chief investment strategist for $350 billion wealth manager Hightower, says she still thinks equities have room to run.
- She sees promise in quantum computing, robotics and the cybersecurity sectors.
- She thinks a small sliver of SpaceX could be great long-term, but "speculative" return would have made if they had put their money in the stock back in 2010.
- Positivity is boring," she said.
As the 10year Treasury yields inch toward a 6% coupon, it begins to raise the question of when investors may consider switching their equity allocations to fixed income.
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