Amazon (AMZN) and Alphabet (GOOG), two of the world’s most recognizable brands and Wall Street...
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
Related Articles on MARKETS
More Americans are hitting the road and recreational vehicle (RV) sales are soaring, notes Mark Skou...
At worst the tax cuts will validate current market valuations, says Tom Essaye. At best they’l...