An excerpt from Rational Dissent Episode 007 (full episode below):

Alex Malitas examines why investors might hesitate to accept fixed Treasury yields around 4.75% to 4.80% by evaluating three competing asset classes. Stocks offer comparable starting yields but include the potential for future earnings growth, while cash allocations provide solid returns while preserving liquidity. Additionally, direct lending offers a significantly higher 9.50% yield for those willing to accept more risk, r — via @biancoresearch

Alex Malitas evaluates three competing asset classes against 4.75%-4.80% Treasury yields.