Investors will have to learn once more how to outrun cash yielding around 5 percent.
Wei Li
The investing landscape has fundamentally changed. Some investors may be waiting, or hoping, for a return of the sustained bull markets in both equities and bonds that we enjoyed for the 40 years before the pandemic. But I think we are in a new regime, and we are not going back any time soon. It’s time to stop waiting and start making lemonade from the lemons that the macro environment presents. This is going to take a more…