Investors dump equities, bonds as coronavirus spooks markets, BofA says

A trader works on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., March 5, 2020. REUTERS/Andrew Kelly LONDON (Reuters) – Investors pulled out... Read more »

Tesla overtakes Volkswagen as world’s second most valuable carmaker

(Reuters) – Tesla Inc (TSLA.O) has overtaken Germany’s Volkswagen (VOWG_p.DE) as the world’s second most valuable carmaker behind Japan’s Toyota (7203.T), as the meteoric rise in the U.S. electric... Read more »

Guggenheim’s Minerd says aggressive Fed moves can delay recession, but not avoid it

FILE PHOTO: Scott Minerd, Chairman of Guggenheim Investments and Global Chief Investment Officer, speaks during the Reuters Global Investment 2019 Outlook Summit, in New York, U.S., November 12, 2018.... Read more »

BAML: Buy risky assets as sentiment gets extremely bearish

LONDON (Reuters) – Bank of America Merrill Lynch said on Friday its market sentiment indicator has fallen to a level so bearish it has triggered a “contrarian” buy signal... Read more »

Investors trim cash, buy stocks on dovish Fed, trade truce: BAML poll

LONDON (Reuters) – Fund managers have trimmed cash holdings and added risk to their portfolios following the U.S. Federal Reserve’s dovish pivot and after Beijing and Washington agreed a... Read more »

U.S. equity funds add $1.7 billion ahead of Fed chair testimony: BAML

LONDON (Reuters) – Investors pumped money into bonds and equities in the week to Wednesday with U.S. stock funds adding $1.7 billion, Bank of America Merrill Lynch said on... Read more »

Anonymous Analytics goes long cannabis with Turning Point Brands

(Reuters) – Activist research group Anonymous Analytics has turned its attention to the cannabis industry, initiating a buy rating on Turning Point Brands Inc (TPB.N) in a report on... Read more »

Natixis’ H2O sells some illiquid debt to try to staunch outflows

PARIS/LONDON (Reuters) – H2O, one of French bank Natixis’ asset management businesses, has sold off some illiquid assets and removed entry fees across its funds as it tries to... Read more »

Investment grade bond funds suck in record $12.3 billion as investors ditch stocks: BAML

LONDON (Reuters) – Investors plowed a record $12.3 billion into investment grade bond funds and ditched equities over the past week, Bank of America Merrill Lynch said on Friday,... Read more »

First net inflows into global equities in 10 weeks: BAML

LONDON (Reuters) – Investors have added to their global equity holdings for the first time in 2-1/2 months and continued to pile into bonds, Bank of America Merrill Lynch... Read more »