FILE PHOTO: Traders work on the floor of the New York Stock Exchange as the building prepares to close indefinitely due to the coronavirus disease outbreak in New York, U.S., March 20, 2020. REUTERS/Lucas Jackson/File Photo
Gayeski said if stocks fall a total of 10-15%, he would consider skewing more to equity-centric managers. “We got repositioned in risk assets back in late March, early April so that has helped us,” said Ablin. “But we’re content to hold for right now.” David Kotok, chairman and chief investment officer of Cumberland Advisors, said he sold stocks and raised cash into the rally. He has not committed any cash yet despite the sell-off.This week, credit spreads - the premium investors demand to hold riskier debt over safer Treasuries - have widened. The spread of the ICE/BofA investment grade .MERC0A0 and high yield .MERH0A0 credit indexes widened by 14 basis points and 89 basis points, respectively.
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Especially if the fed keeps pumping money into it.
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