Don't Rush Into This Popular Bet Today
New Wall Street Daily Dear The S&P 500 is up 96% since its bottom in March 2020. It has been a straight shot higher for 15 months. And we haven’t even seen a 10% pullback along the way. The uptrend can’t last much longer… right? That’s the bet that some folks are making right now. In fact, they’re parking their money in “safe haven” assets instead of stocks. Flows in municipal bond funds are near their highest level in more than a decade. It might be tempting to follow their path after such a historic rally in stocks. But history says ditching stocks for bonds is not a good ide...