There is a battle going on between the stock market and the bond market': Providence Financial

Adolf Goebbels
Published on Oct 23, 2023
The 10-year Treasury yield peaked at 5% on Thursday and has continued to hover close that threshold. With ongoing geopolitical conflicts and chaos in the House of Representatives, investors of all ages are wondering where to park their investments. Providence Financial & Insurance Services President Anthony Saccaro joins Yahoo Finance to give insight into the current status of the market and how investors of any age should consider managing their investments.
Saccaro states "for the first time in decades you can buy bonds as a capital appreciation play. So, lock in high yields, get capital appreciation, thats the bond market for the younger investors, other than that keep going in stocks. For older investors, you want to shift to a higher percentage of bonds because you can't afford to take the risk if you're going to be retiring soon, and if you are already retired and living off your income please, don't be selling shares of your mutual funds and stocks to get your income."
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
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