The companies in S&P 500 prefer bonds to stocks in their pension-fund assets, 44.8% to 42.4%. That was as of the end of 2015. How much of this is due to price appreciation or allocation changes is hard to discern. When I write that This Bull Market Is Powered by Your Indifference this is exactly what…Read More

Source: Pension Funds Have More Bonds Than Stocks (S&P Edition) – The Big Picture