In the U.S., investors don’t expect current tightening cycle to rock the junk bond market, putting more money into high-yield and total return funds.
Global funds have made a “significant rotation” out of U.S. stocks into Europe excluding the U.K. and into Japanese equities.
With President Donal Trump expected to give specifics of his domestic policy agenda, the markets are expressing caution.
Market has many ‘what ifs’ as Washington mulls tax shifts