https://www.bloomberg.com/news/arti...a-says-it-s-time-to-buy-stocks-and-junk-bonds
How is this crap even in Bloomberg ? It may finally be time to load up on risky assets, Bank of America says
Then getting even creepier and downright into moral hazard territory, they write at end
The strategists recommend selling Treasuries, Japanese yen and health care and utility stocks this month
Bloomberg actually published an article recommending selling treasuries, Japanese Yen, Health Care & Utilities this month ? I can somewhat get the rhetoric behind stocks even if bad, but junk bonds ? What ever credibility they had, is gone... This is jaw dropping, literally newspapers are modern day whores, pay to play. I can't even wrap my head around bloomberg publishing buying Junk Bonds literally as the junk bond market is imploding, even if BaC paid for the article to be published
How is this crap even in Bloomberg ? It may finally be time to load up on risky assets, Bank of America says
Then getting even creepier and downright into moral hazard territory, they write at end
The strategists recommend selling Treasuries, Japanese yen and health care and utility stocks this month
Bloomberg actually published an article recommending selling treasuries, Japanese Yen, Health Care & Utilities this month ? I can somewhat get the rhetoric behind stocks even if bad, but junk bonds ? What ever credibility they had, is gone... This is jaw dropping, literally newspapers are modern day whores, pay to play. I can't even wrap my head around bloomberg publishing buying Junk Bonds literally as the junk bond market is imploding, even if BaC paid for the article to be published