And, the winner may be your neighborhood bank for the first time in years, according to Wall Street forecaster Jim Bianco."Cash is no longer trash. That was a two-decade old meme that doesn't apply," the Bianco Research president told CNBC's "" on Wednesday. "Cash could actually be somewhat of an alternative where it was just a waste of time throughout the 2010s. It's no longer that anymore.
He uses the 6-month Treasury Note, which is yielding above 5% right now, as an example. Bianco believes it will soon rise to 6%."You are going to get two-thirds of the long-term appreciation of the stock market with no risk at all," added Bianco. "That is going to provide heavy competition for the stock market. That could suck money away from the stock market."are necessary to curtail inflation.
FastMoney CNBC is however for the most part catering to their short HF bears...
FastMoney It is clear scare campaigns from the media , it is good sign the market is bottom . Why the media try to manipulate the market ?
FastMoney John Miranda 🤩
FastMoney Hihuhuh stiff