mo4ch:>Time for equity investors to cash in their chips – Goldman Sachs | Mo4ch News

Stock markets have had a great run in recent years, but with cash now offering positive inflation-adjusted returns, it may be wise for investors to dial back on risk, according to investment bank Goldman Sachs.“Mixed-asset investors should maintain equity exposure but lift cash allocations,” said Goldman strategists, as cited by Bloomberg. “Cash will represent a competitive asset class to stocks for the first time in many years.”The Federal Reserve’s recent interest-rate hikes have sent yields on money-market funds well over two percent, surpassing the pace of inflation. The Fed is expected to raise its benchmark by another quarter percentage point next month, and further in 2019. That means cash may become all the more attractive, according to Goldman.READ MORE: This market similar to worst crashes ever seen – stock guru Jim CramerTalking about stocks, the bank’s strategists said that investors should focus their portfolios on defensive sectors including utilities. The S&P 500 wi…