Maxi long = maximum ownership that a relevant risk grid would allow
Risk assets = anything but the dollar or bonds
Basically buy assets which (they believe) stimulate the economy more by either lowering financing costs (“the hunt for yield”) or through wealth effects (“my portfolio is up 50%, I’ll spend/consume more now”)
Risk assets = anything but the dollar or bonds
Basically buy assets which (they believe) stimulate the economy more by either lowering financing costs (“the hunt for yield”) or through wealth effects (“my portfolio is up 50%, I’ll spend/consume more now”)