Both from the standpoint of stocks and bonds, an investor wants to go where the growth is. – Bill Gross
The Fed has already cut rates twice this year by a quarter percentage point, and markets are expecting further rate cuts by the end of the year to combat the growing slowdown fears across the economy.
In this environment of falling interest rates, the stock-bond hybrid asset class becomes an attractive investment option. Preferred stocks have characteristics of both stocks and bonds as their dividend payments are secure for this asset class. This feature