Carol Costello: For the first time in more than two decades, basically cash is beating the 60-40 portfolio. She says why not just play it safe when what the Fed is doing has really upended the investing world? Costello: Why you wait for a better opportunity in the equity market, which I think will come later this year.
Bloomberg News Wall Street Reporter Sonali Basak checks in from the Goldman Sachs Group investor day. Bloomberg Businessweek Editor Joel Weber and Bloomberg News Equities Reporter Bailey Lipschultz provide the details of Bailey's Businessweek Magazine story The SPAC Fad Is Ending in a Pile of Bankruptcies and Fire Sales. Bloomberg Intelligence Senior Retail Staples & Packaged Food Analyst Jennifer Bartashus reports on Target earnings and outlook. And we Drive to the Close with Nadia Lovell, Senior U.S. Equity Strategist at UBS Global Wealth Management.
Hosts: Carol Massar and Madison Mills. Producer: Paul Brennan.
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