“When you get everybody leaning toward shorts, especially within the macro hedge fund community, there is a tendency for the market to go the other way. There are investment managers and insurance companies across the world who wait for that to happen and therefore pounce on the market and buy what they need to buy,” said Tom di Galoma, managing director of Treasurys trading at Seaport Global Securities.
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“We’ve been ignoring corporate news. The market has been focused on higher bond yields and rising rates, and those two concerns have overshadowed earnings, which have been strong,” said Mark
But our call of the day says that 10% meltdown is opportunity knocking. “We would take advantage of weakness to add to positions in one of the best fundamental long-term stories in our coverage,” say Edward Yruma and a team of analysts at KeyBanc Capital Markets.
The recent sharp pullback and volatilitу in global equitу markets is not уet over, according to the chief executive of financial advisorу firm Longview Economics, who said that market models show
The Dow Jones Industrial Average is down 4.5% for the month, thanks in part to signs of an uptick in inflation and bets the Fed won’t delay in raising interest rates further. Higher rates can lur
What are the main benchmarks doing?
The world’s largest asset manager — BlackRock — also is weighing in, providing our bullish call of the day.
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The latest six-day advance was only briefly interrupted Friday by the indictment of 13 Russian citizens for allegedly interfering in the 2016 U.S. election.