economy is one reason for investor optimism, after many spent months girding for a widely expected recession.ĭata on Friday showed U.S. "Further strength might beget further strength because of the FOMO factor," he added, using the popular acronym for "fear of missing out." DISSIPATING RISKSĪ stronger-than-expected U.S. "There certainly seems to be a bit of a more optimistic ring to the market," said Chuck Carlson, chief executive officer at Horizon Investment Services. money market fund assets hit a new record of $5.8 trillion last month, while cash levels among global fund managers remain high relative to history, according to the latest survey from BofA Global Research.Īnd while computer-driven strategies have been piling into the market for months, according to Deutsche Bank, positioning among discretionary investors - a cohort that includes everyone from active mutual funds to retail investors - is lighter than it has been 74% of the time since 2010, the bank’s data showed. debt ceiling and an interest rate hiking cycle that may be nearing its end have heartened investors and driven the benchmark S&P 500 (.SPX) up nearly 20% from its October low - one definition of a bull market.įurther gains may hinge on whether investors who cut stock allocations to the bone over the last year return to the market. Signs of strength in the economy, relief over a deal to raise the U.S. stocks for months are fading, pushing some Wall Street firms to raise their outlooks for equities and beckoning investors who have remained on the sidelines. NEW YORK, June 8 (Reuters) - Worries that have dogged U.S.
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