T. Rowe Says Buy Bonds Now at ‘Most Attractive Point’ in Years
Investors should buy bonds now because it’s the “most attractive point” in years, according to senior investment executives at T. Rowe Price Group.
Investors should buy bonds now because it’s the “most attractive point” in years, according to senior investment executives at T. Rowe Price Group.
Corporate America was furiously buying, while hedge funds were busy bailing from stocks at a record pace as S&P 500 plunged into a bear market.
Hedge funds tracked by Goldman Sachs offloaded US equities for 7th straight day, dollar amount of selling over last two sessions not seen since 2008.
Stock markets may have become too pessimistic about corporate earnings despite the gloomy outlook for the global economy.
Money managers around the globe are pouncing on market hedges that pay off in a recession at the fastest pace since the dark days of the pandemic.
We’re not buying stock dip because valuations haven’t really improved, there’s risk of Fed over-tightening and profit margin pressures are mounting.
Investors are rushing to buy dollars after US inflation accelerated to a fresh 40-year high last month.