The Passive Behemoths Have Yet to Awaken

What are mutual funds

The go-to bullish indicators highlighted by pundits these days are the high levels of sidelined mutual fund cash and the AAII investor sentiment survey hitting its highest bearish reading since 2009: Traditionally, these signals suggest that most of the carnage is priced into markets, indicating that it might be time to buy. However, these data … Read more

Get ready for $900 billion of stock purchases this year, says Goldman Sachs. Here’s who’s buying.

$900 billion of stock purchases this year

Wall Street is looking a little less surefooted as a new week begins, with oil sliding as fresh COVID lockdowns in China adding to a hefty worry pile. Bonds continue to slump as well. But maybe don’t bet against stocks, which have been regrouping since an early March pullback. “‘Less bad than feared’ is a … Read more