The gradual reopening of shuttered businesses by states — including all 50 as of last week — is boosting investors' confidence that the coronavirus-driven recession will be sharp but brief.
"The risk-reward for equity is maybe as bad as I've seen it in my career," Druckenmiller recently told the Economic Club of New York during a virtual event. He worries too many investors expect that new liquidity from the Fed will flow into the markets indefinitely following a few strong months. "If you're going to have all these people unemployed, it's hard to end up coming out of a recession until that changes," Lasry said. "It's going to be a difficult couple years."
A Goldman Sachs report on mutual fund holdings further exposed how some of these managers are expressing their views in portfolios. The net result of their allocation shifts is a reluctance to price in a brisk comeback. Instead of these characteristics, mutual funds prized stocks with balance sheets that are strong enough to weather a widespread solvency crisis.
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
Source: BusinessInsider - 🏆 729. / 51 Read more »
'Big Short' investor Michael Burry added these 5 new stocks to his portfolio in the first quarter | Markets InsiderMichael Burry - the famed investor portrayed by Christian Bale in 'The Big Short' - added 5 new stocks to his hedge fund portfolio in the fi... Micheal Burry short sale stocks... Yet take it in keyster short sale overconfidence...… Last couple years yet get bent over wall street Eben Warren Buffet shares Delta bent over... Clamour media Burry yet get bent over by street
Source: BusinessInsider - 🏆 729. / 51 Read more »