Markets were mixed on Wednesday.
The S&P 500 fell 0.4 percent and the Nikkei 225 fell 1.0 percent but the STOXX Europe 600 rose 0.2 percent.
“We think the rally driven by hope of faster growth was overdone and there is a potential for disappointment,” said Wouter Sturkenboom, senior investment strategist at Russell Investments.
Indeed, the US 10-year Treasury yield fell three basis points to 2.27 percent while the CBOE Volatility Index rose to a five-month high.
Bloomberg reports that investors such as Rick Rieder at BlackRock Inc. and Bob Michele at J.P. Morgan Asset Management say they have been betting that price swings will grow more dramatic in the days and months ahead.
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