Rising Bond Yields Fuel Stock Allocation Reset, Wells Fargo Says
Wells Fargo strategists report that rising bond yields are prompting a reset in stock allocations. Investors are moving away from US stocks as bonds become more competitive.
For years, US stocks have faced relatively weak competition from bonds or Treasuries in investor portfolios. That period looks like it’s headed for a fast, and possibly painful, end, strategists at Wells Fargo say.
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