Market summary: Buoyed by a very strong economy, U.S. stocks are moving ahead. It turns out that the...
10-Year Bond Selling, Gold Selling, Stocks Buying, and Funds Being Reallocated
10/24/2014 7:00 am EST
Because of the volatile markets last week, Greg Michalowski, of ForexLive.com, thinks fund managers surely felt the squeeze the worst and he shares his pick as this week’s beneficiary of all the resulting selling, buying, and reallocation.
The 10-year bond is up to 2.27%. This is up from 2.24% at the start of the NY session on Thursday. Last week, it fell below 2% on the Ebola scare.
Gold is falling sharply (down over 1% in trading Thursday).
The beneficiary is the stocks.
It sure seems like there may be some reallocation going on as fund managers feel the squeeze from the volatile markets last week.
By Greg Michalowski of ForexLive.com
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