U.S. fund managers have cut recommendations for equity and bond holdings and increased allocations in alternative investments to near a four-year high as they look for better returns, a Reuters poll found on Thursday.
It didn’t take long for investors to understand that more stimulus than expected following Thursday’s European Central Bank meeting was likely to reset the tone. So much for the recent plunge in oil prices and how it gave global stock markets a bearish tinge to start the year.
Ready or not, here they come.
Only four months remain before we find out who the next presidential nominees will be and a mere eight months before we elect one of them to lead the world’s largest economy.