Russ is Head of Asset Allocation for BlackRock’s Global Allocation Fund. He works with portfolio managers to establish the fund’s macro-level views and also develops systematic strategies to augment the team’s security-selection process and risk management. He is the author of two books, including “The Ten Trillion Dollar Gamble,” on positioning portfolios for the growing U.S. deficit.
Disclosure: The content Market Realist publishes should not be construed as investment advice, nor do the opinions expressed necessarily reflect the views of BlackRock.
Janet Yellen, the Fed chair, has defended her stance, citing the negative repercussions associated with an increase in interest rates in the absence of inflation.
Investors have once again flocked to bonds, the Japanese yen, and gold due to the 10.0% fall in China’s exports and concerns over a major rejig by the central banks.
The colossal central bank stimulus at below-zero rates and quantitative easing have wreaked havoc on the correlation dynamics between stock and bond prices.
