Besides coronavirus, other news has been driving the stocks of Apple, Wallmart and General Motors to the lower levels.
Lipper: American bond funds and tech equities attract decent inflows
As Lipper data showed on Thursday, US-based taxable-bond funds managed to take in $7 billion for the last week, which is the greatest weekly intake since July. The outcome contributed to an already firm year for debt versus the backdrop of a rate-hiking cycle.
Well, even in a week with huge inflows for technology equities, American fund traders keep favoring debt over equity. On Wednesday, the Fed unveiled plans to cut its own bond holdings, thus marking a historic shift from the ultra-easy monetary policy it had been pursuing since the 2007-2009 global financial meltdown.
In 2017, taxable-bond mutual funds as well as exchange-traded funds have currently brought in almost $219 billion in America, as Thomson Reuters' Lipper research unit states.
Nevertheless, it’s not a bubble, as some financial experts say. Technology-driven disinflation, demographics and debt – all work to put pressure on long-term rates.
Will coronavirus continue keeping the markets in fear? What releases should we wait for? Find out in the news!
Tesla stock drops in premarket trades on Thursday. Why? See the article (it's short) and use it to your advantage.
The South African Finance Minister is delivering a budget speech today. There may be a strong impact on ZAR, so what's going to happen?
Canadian monthly GDP will be out at 15:30 MT time on Friday.
Let’s consider the best and the worst-performing assets as Monday’s session kicks in.