CNNFN writes article about Money is pouring in to Wall Street:
By Matt Egan @mattmegan5
risky wall street
Greed is making a comeback on Wall Street.
Just six weeks ago investors were on the verge of a full-blown panic.
Fears about China’s economic turbulence and vague Federal Reserve
policy gripped the financial markets.
The deep concern caused the Dow to plummet by an unprecedented
1,000 points on August 24 before sending the market into correction
mode.
But fear is quickly fading on Wall Street. The Dow is at a two-month
high and the S&P 500 has clawed its way back above the 2,000
threshold.
Furthermore, for the first time since early July investors have poured
money back into both stock and bond funds globally, according to Bank
of America Merrill Lynch research on weekly fund flow data.
It “signals a turn in risk-off sentiment,” Michael Hartnett, chief
investment strategist at BofA Merrill Lynch, wrote in the report.
The markets are betting “low” growth, earnings and interest rates are
“here to stay, but no recession,” he wrote.
That’s why CNNMoney’s Fear & Greed Index is now sitting comfortably
CNNFN Article Source Here.