The bottom line: In a world of few bargains, investors need to tread carefully and look for relative value. Rather than chase yields lower, I’d focus on the pockets of value within the broader stock market, and I’d continue to favor stocks, which can still move higher this year, over bonds.
Sources: BlackRock, Bloomberg
Russ Koesterich, CFA, is the Chief Investment Strategist for BlackRock and iShares Chief Global Investment Strategist. He is a regular contributor to The Blog and you can find more of his posts here.
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