Strategist Sees 'Generational Opportunity' in Fixed Income Amid Fed's Rate Hikes
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Fed's policies mixed with economic headwinds have opened new opportunities like fixed-income for investors, per strategist John McClain.
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McClain calls Fed's Powell "Scrooge McDuck" for keeping rates higher longer, disappointing some investors.
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McClain sees a "generational opportunity" to shift capital from equities to fixed-income given attractiveness.
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Highlights high-yield bonds with 9.5% yield as a "Goldilocks opportunity" now with low defaults.
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McClain discusses views on Fed policies and where true intentions lie for markets on Yahoo Finance Live.