Bullish market: Undaunted bulls keep shoveling money into stocks
By Lu Wang and Vildana Hajric Whether it’s heroic resolve or epic naiveté, stock investors are giving no indication that they are troubled by the worst volatility to land on the bond market in a year. In a week when a spike in Treasury yields pressured prices across the equity spectrum, U.S. exchange-traded funds consistently saw inflows -- including $2.7 billion at the height of the carnage on Thursday. All told in February, ETFs sucked in a cool $80 billion, four times the 12-month average, data compiled by Bloomberg show. Bloomberg It’s the same optimism that has underpinned the 70 pe...
Source: indiatimes.com