Marvin Loh 2.7 1 idea

"I would say equal duration makes sense... think through some of the more stable aspects of the technology sector... Gold... is no longer that safety hedge." State Street believes the "Risk On" trade is rotating, not ending. Volatility requires a safety anchor, but Gold and Swiss Franc are too expensive. Therefore, the best risk-adjusted allocation is "Equal Duration" (buying Treasuries to lock in yields as the Fed cuts) and "Stable Tech" (Cash-rich, profitable tech, not speculative AI startups). LONG TLT (Duration) and Quality Tech. AVOID Gold (XAU) as a hedge. Inflation re-accelerating (above 2%) would hurt the long duration bond trade.