Ray Dalio says cash is king right now, and don't own bonds

The move into cash has been growing with the yield on the 30-day Treasury bills atop 5%, while investors can also get 4% on certificates of deposit and high-yield savings accounts, but there has also been pushback. Wells Fargo Investment Institute strategist Veronica Willis that even if cash yields stay higher in the near term, history shows investors lose out in the long run as cash tends to underperform and act as a drag on their investments.... + full article