A slew of interest\u002Drate\u002Dsensitive investing strategies are taking a beating this August. Find out more.
No wonder strategists at Bank of America Corp., Goldman Sachs Group Inc. and TD Securities have been abandoning their dip-buying call as market losses deepened.
For example, hedge funds and other leveraged investors have recently taken the biggest bets on the euro in two years while maintaining a bullish stance on the British pound, only for the latter to weaken against the U.S. dollar to a two-month low.Article contentIn the world of stock investing, some of the best performers this year have quickly turned into losers as a speculative frenzy has come to an abrupt pause.
The counterpoint comes from David Kostin, chief U.S. equity strategist at Goldman Sachs, who said there’s room for investors to further increase equity exposure if the economy stays on course for a soft landing.Article contentPlacing a bet on calm stock markets has been a winning call for much of this year, but the peace is fraying.
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Investors reeling from painful August as winning trades go sourA slew of interest\u002Drate\u002Dsensitive investing strategies are taking a beating this August. Find out more.
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