CNBC: The ‘Great Rotation’ Has Hit Wall Street
CNBC reported over the weekend that the highly anticipated “Great Rotation” may finally have hit Wall Street.
According to the news site, the “rotation” phenomenon is marked by a “massive shift of money out of bonds and into stocks.”
In 2014, the S&P 500 index rose right alongside bond prices, but last week alone, investors removed nearly $6 billion out of global funds – marking the largest outflow in nearly two years.
According to Jim Iuorio, a Chicago-based trader with TJM Institutional Services, the bond and equity markets are now taking on “a whole new personality completely.”
Image via flickr/Sue Waters