, Columnist
Funds Stay Bullish, But Central Banks Hold Breath
Investors are still piling into the Magnificent Seven, while rate cuts wait on inflation.
Crowding in.
Photograph: Bloomberg
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Global politics is terrifying. Across the western world, the established order is under challenge. In Russia and China, a new one is taking shape that many in the West dislike. But it’s still not too difficult to make money in the markets. The classic 60/40 asset allocation (60% equities and 40% bonds) has just ascended to an all-time high, according to Bloomberg’s global index: