The median age of the 78 million boomers is 54 going on 55 and even after two bubbles bursting less than a decade apart, this cohort still have 55% of the asset base in equities and real estate and a mere 6% in bonds. And, it is the latter piece of the pie that is expanding the most and will be expanding the most in the future as demographic, deflation and deflationary realities...make it imperative for the wide swath of aging boomers to focus less on capital appreciation strategies and focus more on capital preservation stories. Income is king and the proletariat have already figured it out despite Wall Street research houses still advocating the equity market even though the S&P 500 has generated no return but plenty of heartburn for 12 years now; the hallmark of a secular or primary bear market: rent the rallies, don’t own them.
---Rosenberg, 6/17
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