Investors should shun stocks and bonds
https://www.marketwatch.com/story/investors-should-shun-stocks-and-bonds-as-u-s-economy-shows-shades-of-2008-top-jpmorgan-strategist-warns-dbfdef25?mod=mw_more_headlines
To quote: Kolanovic said he sees shades of 2008 in rising bankruptcies and consumer-loan defaults, which have coincided with the erosion of the COVID-19 cash cushion that helped insulate many from the effects of rising borrowing costs. But the monetary policy “lag” that has so far helped the U.S. economy avoid a recession is wearing off.