So 5 years out, the expected inflation is .37 - (-.418) = .788%; pretty low. In other words, the market doesn't expect all this money printing to translate into general inflation (as measured by the CPI).
Personally I would be dollar-cost averaging into equities.
Expected inflation can be calculated as the difference between a Treasury and a TIPS of the same tenor - say 5 years.
Treasury yields: https://www.treasury.gov/resource-center/data-chart-center/i...
TIPS: https://www.wsj.com/market-data/bonds/tips
So 5 years out, the expected inflation is .37 - (-.418) = .788%; pretty low. In other words, the market doesn't expect all this money printing to translate into general inflation (as measured by the CPI).
Personally I would be dollar-cost averaging into equities.