From the weakest borrowers in Corporate America to the abandoned districts of the S&P 500, Wall Street traders are placing fresh all-or-nothing bets that the US economy will survive Jerome Powell’s war on inflation.
Small-cap stocks just surged the most versus the broader market since February 2022, while a version of the large-cap benchmark that dilutes the influence of megacaps posted its biggest weekly outperformance since early summer. After money was drained from them for months, funds tracking high-yield bonds have sucked in nearly $11 billion. Even Cathie Wood’s flagship Ark fund is back en vogue.
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November 18, 2023 at 04:56AM
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Soft Landing ‘Pipe Dream’ Is Energizing Every Corner of Markets - Bloomberg
"soft" - Google News
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