, Columnist
Peak Liquidity Portends Trouble for Risk Assets
Investors need a plan of action for when the shoe of higher real yields finally drops.
No longer gushing.
Photographer: Sean Gallup/Getty Images
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Amid all the excitement and confusion of the last two years, the ascent of the stock market, and the continued robust health of other asset classes, has boiled down to three words: liquidity, liquidity, liquidity.