Reported about 13 hours ago
Billionaire investor Bill Gross warns that the stock market's rapid growth may soon decelerate, prompting him to advocate for a shift toward defensive and high-yield stocks. His top investment choices include Allete, MLP pipelines, Annaly Capital Management, and municipal income funds, which currently offer attractive yields. While Gross doesn't predict a bear market, he highlights emerging challenges and suggests that future equity returns may be subdued.
Source: YAHOO