As the question on the war becomes clearer, mutual fund managers have become more determined to move out of the energy and bond markets that have been considered safe investments, back to stocks, The New York Post reports.
Crude oil futures prices hit the lowest record since January, with the April contract falling $3.36 a barrel, to $31.67. This reflects a bullish speculation of a swift war with minimized interruption in oil shipments from the Middle East.
"There are signs that investors finally may be rebalancing their portfolios, and I applaud that, even if it's overdue," Robert MacIntosh, chief economist at
The
"The bull market [in bonds] is finally over," said Bob Auwaerter, head of fixed income portfolio management at
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The staff of Mutual Fund Market News ("MFMN") has prepared this capsule summary based on reports published by the news source to which it is attributed. The New York Post is not associated with MFMN, and has not prepared, sponsored, endorsed, or approved this summary.
