Investors are more incentivized to hold cash than take risk in equities
Warning: The yield from cash now exceeds that of stocks Making the latter very unattractive at current levels In other words, investors are more incentivized to hold cash than take risk in equities The spread is back to levels seen in the 1980s and 2000 In the 1980s, equities… pic.twitter.com/3CwcTdHn2E — Bravos Research (@bravosresearch) October …