Investors who slashed their equity exposure during a bout of market volatility in early August sharply increased their holdings as global stocks rebounded last week, Deutsche Bank flow data shows.In a sign of how quickly markets have recovered from the dramatic sell-off, positioning among discretionary investors — who judge when to buy or sell — last week “jumped sharply to fully recoup decline and is now well above average again”, Deutsche said in a note on Monday.
“Within a span of two short weeks, the US equity markets appear to have made a full recovery,” said Mandy Xu, head of derivatives market intelligence at Cboe Global Markets. Global equity markets last week notched their best weekly run since November as volatility subsided and a string of stronger US economic data allayed fears of an impending slowdown.
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: FT - 🏆 113. / 51 Read more »