Policy Support: Assets and Today Humiliation

policy support: He predicted inflationary pressure will build as central banks begin to scale back policy support, according to Market Watch. Ahead of that reversal, investors should rotate out of stocks and bonds to real assets, given their positive correlation with inflation. The best approach Buy humiliation, sell hubris, said Michael Hartnett, chief investment strategist at Bank of America. Today the humiliation is very clearly commodities, while the hubris resides in fixed-income markets, Hartnett said. Broadly speaking, they're at their cheapest relative to financial assets in almost a century, according to Hartnett. Real assets are tangible objects such as property, commodities, precious metals and collectibles that are considered less liquid than securities. (news.financializer.com). As reported in the news.