Why the Yield Spike May Be Done and Value Is a ‘Hail Mary’ Trade
- Infrastructure package would need a tax hike, PNC’s Agati says
- Emerging market stocks are ‘brightest star,’ strategist says
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The spike higher in bond yields this week shook markets around the world and became the dominant talking point in pretty much every asset class.
Amanda Agati, chief investment strategist for PNC Financial Services Group, joined the “What Goes Up” podcast to discuss what it all means, plus why the rotation to value stocks may be a “Hail Mary” trade and how she is advising clients to allocate portfolios as the economy slowly recovers from the pandemic.