Daleep Singh 5.0 2 ideas

The world is not safer or more prosperous due to the war, and with equity valuations now past their prewar baseline, the risk-reward is no longer justifiable, making it time to avoid equities.

Persistent supply shocks and inflation will raise the term premium for longer-duration bonds, steepening the yield curve; investors should favor shorter-duration instruments, well-secured high-quality credit, non-dollar assets, and real visible assets.