CNBC reported over the weekend that the highly anticipated “Great Rotation” may finally have hit Wall Street.
According to the news site, the “rotation” phenomenon is marked by a “massive shift of money out of bonds and into stocks.”
In 2014, the S&P 500 index rose right alongside bond prices, but last week alone, investors removed nearly $6 billion out of global funds – marking the largest outflow in nearly two years.
According to Jim Iuorio, a Chicago-based trader with TJM Institutional Services, the bond and equity markets are now taking on “a whole new personality completely.”
Image via flickr/Sue Waters
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