The threat of the Fed ‘turning Turkish' makes for some tough allocations decisions, this strategist says.

Core Viewpoint - Gavekal strategist Will Denyer argues that investors should choose between stocks or bonds, as both cannot be favorable at the same time [1] Group 1 - The current market environment suggests a divergence in performance between stocks and bonds, indicating that one asset class may outperform while the other underperforms [1] - Denyer emphasizes the importance of understanding macroeconomic indicators to make informed investment decisions [1] - The analysis points to potential shifts in interest rates and inflation as key factors influencing the performance of these asset classes [1]