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Charles Schwab's Sonders Favors Commodities Over Equities, But Not for All

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Gold and Bitcoin Are Hedges, But Why Is a Stablecoin Company Buying Farmland?

Charles Schwab is holding a neutral stance on equities. The firm favors commodities over stocks and bonds, according to chief investment strategist Liz Ann Sonders.

Sonders made the comments in a recent interview, pushing back on what she called “cookie-cutter” portfolio advice. She said allocation should hinge on each investor’s time horizon, risk tolerance, need for income, and overall goals.

No Universal Portfolio

“It actually drives me a little crazy when people give a cookie-cutter answer to that,” Sonders said. “There’s no one asset allocation that makes sense right now.”

Schwab oversees $13.4 trillion in client assets, and Sonders pointed to that scale as proof there is no single right answer for every client.

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She was responding to a question about the classic 60/40 portfolio, a benchmark mix of 60% stocks and 40% bonds. Other strategists have proposed carving out a bigger slice for commodities instead.

Favoring Commodities Over Bonds

Sonders said Schwab is less favorable on fixed income. The firm is more favorable on commodities, a stance that echoes a broader shift away from the traditional 60/40 mix.

“We’re neutral on equities, which is not a bearish position,” she added. It simply reflects Schwab’s long-term strategic allocation, not a call to sell stocks.

Gold-backed funds pulled in $18 billion in August alone. That was the second-biggest monthly inflow on record, lifting total holdings to an all-time high.

The figure comes from the World Gold Council, an industry group that tracks global gold demand, cited in a related gold ETF surge report.

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One specific split floated by other strategists calls for a 60/20/20 mix, with a fifth of the portfolio in commodities. Sonders declined to endorse any fixed ratio.

However, she said the right percentages depend on each investor’s goals, time horizon, and income needs. The interviewer added that age and investor profile matter just as much.

The debate over stock-bond diversification is far from settled. Whether Schwab’s tilt toward commodities proves prescient may depend on the current cycle for gold and other real assets. That cycle will keep playing out in the months ahead.

The post Charles Schwab's Sonders Favors Commodities Over Equities, But Not for All appeared first on BeInCrypto.

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Alicia Keys and Swizz Beatz Are on the 2026 TIME100 Art List

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Alicia Keys and Swizz Beatz Are on the 2026 TIME100 Art List
—CHATA (Jesse Maria Gomez-Villeda)

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Solana speeds up blocks by 17%, but transaction capacity stays the same

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Solana Foundation launches security overhaul days after $270 million Drift exploit

Solana cut its target slot time from 300 milliseconds to 250 milliseconds earlier Friday, blockchain data shows, making the network’s clock run nearly 17% faster without producing an equivalent increase in total transaction capacity.

A slot is the short window in which a designated validator can add a block. At 250 milliseconds, Solana will target four slots each second, up from about 3.3, giving wallets, exchanges and trading applications a more current view of the network.

Validators, or entities that supply computing power to maintain any blockchain network, will remain leaders for four consecutive slots. The faster clock therefore reduces each leader’s control window from 1.2 seconds to one second, handing transaction-ordering power to the next validator sooner.

That matters for applications such as oracle-powered markets and automated market makers, where stale prices or a few hundred milliseconds of uncertainty can affect whether a transaction executes as intended.

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Users should see transaction updates sooner, while swaps have a smaller window in which the market can move before they reach the network. That can mean fewer failed trades and less chance of receiving a materially different price than expected.

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Ethereum developers warn ‘any teenager’ could disrupt upcoming Glamsterdam test

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Israel’s largest crypto broker Bits of Gold hit by data breach affecting 200,000 customers

Such an attack would not endanger mainnet funds. Any potential attack would only target “Sepolia,” where test ether has no meaningful cost, but could leave blocks without transaction payloads and derail the infrastructure testing needed before Glamsterdam reaches Ethereum itself.

What is Glamsterdam?

Glamsterdam is Ethereum’s next major upgrade, designed to fit more activity into each block without overwhelming the computers that verify it. Together with changes to gas pricing, the upgrade is intended to support a block gas limit of about 200 million, creating room for more payments and trades before users begin bidding fees higher.

The upgrade moves the relationship between validators and specialized block builders into Ethereum’s protocol. Builders assemble transaction blocks and compete to supply them. Once a validator accepts the winning bid, the builder is expected to reveal the underlying transactions.

And that process becomes easy to abuse on a free test network. A malicious operator can submit bids far above every legitimate builder, win repeatedly and then withhold the promised payload.

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Developers said existing safeguards typically fall back to locally built blocks only after several payloads go missing.

Potuz added that clients also need to identify and reject individual builders so an attacker cannot return under a new identity and continue winning.

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Corporate treasuries bought just 5,900 bitcoin (BTC) in 3 months

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BTC buying by Corporate Treasuries. (Glassnode)

“Corporate treasuries were a big buyer through 2025, and they have stepped back,” Glassnode said. “Their average entry, the Corporate Treasury Cost Basis, sits at $80.5K, about 6% above spot, so the group as a whole is under water.”

Bitcoin topped that level recently but failed to keep gains.

BTC buying by Corporate Treasuries. (Glassnode)

Data source Bitcoin Treasuries now puts public-company holdings at about 1.22 million BTC across 181 listed firms. Strategy remains the dominant buyer and holder, with about 845,050 BTC. Tokyo-listed Metaplanet is among the next-largest corporate stacks. As a group, those treasuries are still underwater at current prices.

“A reclaim of $80.5K would put the treasuries back in profit and remove one layer of overhead supply; until then their entry is one more ceiling,” Glassnode added.

Other demand indicators paint a mixed picture

U.S.-listed spot bitcoin ETFs have attracted billions of dollars since early August, signaling a rebound in institutional demand for the cryptocurrency. However, they remain roughly $1 billion short of turning positive on a year-to-date basis, according to data source SoSoValue.

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The Coinbase premium indicator has remained mostly negative since May, aside from a brief move into positive territory on Sept. 5, according to data from CoinGlass. A negative reading means bitcoin is trading at a discount on Coinbase relative to prices on offshore exchange Binance, suggesting that U.S. buyers are showing weaker demand than traders elsewhere.

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Devon Rodriguez

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Devon Rodriguez
—OK McCausland for TIME

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Jennifer Rubio

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Jennifer Rubio
—Sophie Elgort

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Cardano Developer Warns Over AI YouTube Crypto Scam

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Cardano Developer Warns Over AI YouTube Crypto Scam

Cointelegraph is committed to providing independent, high-quality journalism across the crypto, blockchain, AI, and fintech industries.

All news, reviews, and analyses are produced with full journalistic independence and integrity. For more details on our standards and processes, please read our Editorial Policy.

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Why Is the BoE Holding Rates While the US Fed Hikes?

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Why Is the BoE Holding Rates While the US Fed Hikes?

The Bank of England (BoE) is holding its rate at 3.75%, even as UK inflation climbs and the US hikes. That divergence comes down to where the inflation is coming from.

The BoE’s Monetary Policy Committee (MPC) voted six to three to hold, with three members wanting an immediate hike. A day earlier, the Federal Reserve raised US rates to 4%.

Why the Fed Hiked and the BoE Didn’t

The Federal Reserve raised its benchmark rate a quarter point to a range of 3.75% to 4% on September 16. It was the first US rate hike since 2023, coming a day before the BoE’s own decision.

UK Bank rates since 2017. Image Source: Bank of England

Both central banks are responding to the same shock. Energy prices have surged since the Middle East conflict disrupted supply. Brent crude has climbed above $100 a barrel, lifting UK inflation to 3.1% in August, up from 2.9% in July.

Governor Andrew Bailey argues rates cannot fix an oil-driven price shock directly. He also sees little evidence that higher energy costs are spreading into wages. The Fed, facing a stronger labor market and its own inflation concerns, chose to act instead of waiting.

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Economists at Dutch bank ING say the UK carries less wage-spiral risk now than in 2022. That gives the BoE more room to wait before raising rates.

Why Households Are Already Feeling It

UK households are not waiting for a formal hike to feel the cost. The average five-year mortgage rate has climbed to 5.87%, its highest level since November 2023. Lenders are already pricing in the chance of tighter policy ahead.

That leaves the BoE balancing two risks. Moving too fast could squeeze an already fragile economy. Waiting too long risks letting the energy shock harden into a lasting wage-price spiral.

Three policymakers already want a hike, and the Fed just moved the opposite way. If energy prices stay elevated, 3.75% may not be the final stop this year.

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Zcash targets November for NU7 mainnet upgrade with 25-second blocks

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Zcash targets November for NU7 mainnet upgrade with 25-second blocks

Zcash targets November for NU7 mainnet upgrade with 25-second blocks

NU7 will cut Zcash block times to 25 seconds and preserve its halving schedule, with testnet activation planned for Oct. 6.

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JR

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JR
—Claire Dorn—Courtesy Perrotin Gallery

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