|Bid||84.26 x 38500|
|Ask||84.35 x 2900|
|Day's Range||84.25 - 84.36|
|52 Week Range||79.25 - 85.30|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||0.63%|
|Beta (5Y Monthly)||1.01|
|Expense Ratio (net)||0.03%|
Fund managers shifted to risk in July on the back of expectations for Fed easing and a partial trade deal. Investors are still worried about the slowdown, pricing expectations, and corporate leverage. BAML (Bank of America Merrill Lynch) conducted a survey that polled 207 global investors with $598 billion in total assets under management between July 5 and July 11. Fund managers’ asset allocation We noted in Fund Managers’ Allocations Point to Recessionary Conditions that fund managers’ allocations in June implied recessionary conditions.
The overall investor sentiment has been bearish given the US-China trade tensions and deteriorating economic reports. In addition to bonds (BND), investors are also looking to gold due to its safe-haven appeal. Not only this, there are many other factors that are currently going in gold's favor.
According to the latest Bank of America Merrill Lynch survey, government bonds are the most crowded trade. It is the first time in the history of BAML that the preference for Treasuries has topped the list. The US government bonds were cited by 27% of the fund managers, topping long tech trade, which came at the second position.
Bank of America Merrill Lynch conducted a survey that polled 230 global investors with $645 billion in total assets under management between June 7 and June 13. The asset allocation of fund managers implies recessionary conditions.
Jeffrey Gundlach was surprised when the Fed switched to a dovish stance and predicted no hikes this year, and he thinks that change is "not reassuring.”
Here's Jeffrey Gundlach's Take on What to Expect from MarketsJeffrey Gundlach at Sohn Conference 2019The so-called “bond king” and CEO of DoubleLine Capital, Jeffrey Gundlach, recommended investors take advantage of the volatility in interest
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Why Jeffrey Gundlach Thinks Now's a Good Selling Opportunity(Continued from Prior Part)Jeffrey Gundlach on the next downturn Jeffrey Gundlach believes that if equities do well this year, emerging market equities will do better than US stocks (SPY)
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Job Market Rebounds in March, Markets Breathe Sigh of Relief(Continued from Prior Part)Wage growth slowed While job additions in March topped analysts’ estimate of 175,000, coming in at 196,000, wage growth came in below expectations. Economists
Wall Street Is on High Alert ahead of US Jobs Report Release(Continued from Prior Part)Unemployment rate and wage growthIn February’s job report, while job additions came in substantially weaker than the economists’ expectations of 180,000 at
Saudis Hacked Jeff Bezos’s Phone Is Saudi Arabia behind the attempted blackmail of Amazon (NASDAQ:AMZN) CEO Jeff Bezos? Seems possible, because it was just confirmed by a guy named Gavin de Becker, a security consultant, that the Saudis hacked his phone and got their hands on text messages sent between him and Lauren Sanchez, the […]The post Market Morning: Saudi Amazon Hackers, Larry 'Cut-Low' Kudlow, China Holds Off Tariffs appeared first on Market Exclusive.
Inversion of Yield Curve: Analysts Are Split on Recession Signals(Continued from Prior Part)BMO Capital Markets BMO chief economist Tom Porcelli discussed his take on the current yield inversion and the implications for the markets. As reported by
Inversion of Yield Curve: Analysts Are Split on Recession SignalsInversion of the Treasury yield curve After the yield curve inverted on March 22, market concerns about the global slowdown and a potential recession have multiplied. On March 22, the