“‘Cash used to be trashy. Cash is pretty attractive now. It’s attractive in relation to bonds. It’s actually attractive in relation to stocks.’”
Over the past year, cash has become “pretty attractive” relative to both stocks and bonds, the famed hedge-fund manager said during a Thursday interview with CNBC. That’s a notable shift from last May, when Dalio said that cash was still “trash” but that stocks were “trashier” as the 2022 market meltdown got underway. Dalio offered an update in October, when he tweeted that he had changed his mind about cash and now viewed it as “about neutral.”
During the cable-news interview, Dalio offered some criticisms of bitcoin BTCUSD, +0.67%, which, like stocks, has rebounded since the start of the year.
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