Fund managers overseeing $593 billion were bracing for extreme market turbulence as they expect the result of the November U.S. election to be contested even as the Democratic nominee Joe Biden holds a comfortable lead over President Donald Trump.
President Donald Trump’s decision to halt coronavirus stimulus talks with Congress means America’s pandemic-stricken municipal governments aren’t likely to get any financial help soon, virtually ensuring additional rounds of spending cuts, layoffs and tax increases that will deal a fresh hit to any economic recovery.
Stocks slumped to a two-month low amid growing concern over tighter coronavirus restrictions and as a report detailed suspicious transactions at global banks. Treasuries and the dollar climbed.
Will Danoff has been wondering why billions of dollars keep flowing out of the Contrafund, the giant mutual fund he manages at Fidelity Investments. Performance isn’t the problem. He’s up 21% this year, trouncing the S&P 500’s 6.2% return. His conclusion: Today’s kids want something sexier.
Traders professing bafflement over recent ominous moves in volatility indexes got some clarity on Thursday.
A group of multimillionaire investors in the U.S. are hoarding cash at unprecedented levels.
Valuations aren’t actually that elevated. It’s “melt-up” time. Equity laggards are about to have their moment. These are just some of the reasons why bulls say U.S. shares will defy doomsayers and go higher.
A multitrillion-dollar beast is prowling Wall Street, making huge market moves that few can see coming — and it’s getting bigger.
Bond analysts don’t expect the phone lines at the Federal Reserve’s municipal-lending arm to start ringing off the hook.
Investors should consider alternatives such as private credit as they search for positive yield in a world of low or negative interest rates, according to asset manager Nuveen LLC.