Charles Schwab recommends commodities over bonds, bitcoin in focus
- —Charles Schwab manages $13.4 trillion in client assets
- —House view: neutral on equities, less positive on bonds
- —Strategist Liz Ann Sonders: there is no single portfolio formula for this cycle
- —Commodities are favored amid rate uncertainty
Why it matters: A major broker with $13.4 trillion in assets is shifting its emphasis to commodities, which could boost interest in bitcoin as an alternative to bonds.
Source: Coinotag