FILE PHOTO: A man wears a protective mask as he walks on Wall Street during the coronavirus outbreak in New York City, New York, U.S., March 13, 2020. REUTERS/Lucas Jackson
The bank said its estimate of $400 billion in equity buying by the funds over the next two quarters could prove conservative. U.S. pension funds bought $200 billion in stocks by the first quarter of 2009, in the aftermath of the global financial crisis — equivalent to $600 billion today, the bank said.
Brian Reynolds, chief market strategist with Reynolds Strategy, said in a note this week a rebalancing that leads pensions to sell bonds and buy stocks “makes no sense for pensions given the capital calls they are facing from credit and related products.” The bank last week had estimated that U.S. corporate pensions will need to shift about $40 billion from fixed income into equities to maintain allocation targets. Its estimate now stands at $20 billion following last week’s rally, Schumacher said.
So sick of the sh*t
Or, maybe they won't. Maybe it's Wednesday and they had a massage scheduled week ago.
More examples of media choosing an unrelated photo featuring an Asian person in a mask.
Probably the bottom?
Good April Fools 🤣
🤣🤣🤣 Word here is 'MAY'!!! and missing at $1900
US Stock Market NoWhammy
Please, don't do this if it could have any possible chance of an adverse reaction. People cannot stand to have their pension taken away from them. Is all that many of us have.
It won’t happen not until June and that’s a big maybe
Syeikh ArnoldPoernomo kok Kamu Ga quarantine sich berkliyaran begini
Biggest roulette wheel spin EVER!! 🤔🤭🤯
Not yet. Don't bankrupt retirements.
That sounds like good news. I just want to congratulate 'Lee on the Yahoo Dow Jones Industrials Bull Board for Saying the Positive Truth about the Direction of Equities, around 30 minutes ago.' 😀😀😀
Spend all u can, will need much much more to Catch the falling knife. Why is it pple wanna prop up the Markets, Why cant they let it find its bottom. This phobic behaviour cud lead to lots of pple losing money.
STOP THE ALGOS FROM ISSUING A BUY SIGNAL TO THE TRADING FLOOR (SERVERS) NOW NOW NOW NOW
anyone else with a quarter of a brain that can tell JP Morgan that ummmm that would be an insanely bad idea
Bad move. They did say poor
Oh, boy. Hang on to your hats pensioners. Jesus.