Forget the "great rotation" from bonds into stocks - and certainly today when the 10Y dropped as low as 2.175% - a far greater rotation taking place currently is out of the US and into European equities, according to the latest monthly Fund Manager Survey released today by Bank of America.
Authored by Sumit Roy via ETF.com,
Can an exchange-traded fund get too big for its index? That's the question investors in one popular gold miner ETF are grappling with after rapid asset growth pushed it to significantly deviate from its underlying index.
Almost eight years after Sergey Aleynikov made HFT a watercooler topic after the former Goldman engineer was arrested (and incarcerated, then released, then charged again, then found innocent, and finally found guilty yet again) for allegedly stealing Goldman's proprietary HFT code, a trading software developer was charged last Thursday by the acting U.S.
The last week or so has seen both 'hard' real economic data and 'soft' survey data disappoint notably.
This has sent the Citi Macro Surprise Index plunging to 5-month lows with its biggest drop since 2010.
The question is - what happens to the stock market next?
Of course this is no surprise to bond traders...
Cardinal Health tumbled the most in almost six months after the healthcare product distributor warned its outlook would be toward the lower end of its forecast range for this year and gave initial fiscal 2018 guidance that missed analyst estimates.