Earnings season is once again upon us. The S&P 500 is at all time highs and developed market investment grade bond yields are at all time lows.
And it seems as if everyone is complaining and no one knows what to do…
Here’s what you do: you buy strength and you buy the future.
This means buying stocks that keep growing their revenues and increasing their profits. This means looking at the relative merits of asset classes and understanding that five years from now you will have been better off holding blue chip stocks than sacrificing quality and increasing duration on bonds in order to chase ridiculously low yields.