The unsatisfying but prudent conclusion is that the Asset Allocation Committee is neutral between stocks and bonds. There’s room for upside surprises in inflation and rates, especially after the recent, rapid 60-basis-points drop in the 10‑year yield. Sticky inflation isn’t necessarily bad for earnings, especially if growth continues to surprise on the upside and unemployment… Continue a ler What is PNL Profit and Loss: How to Calculate P&L on Crypto Exchange WhiteBIT Blog