What does this do to the Bond Market?
The Investment Company Institute reported that investors last week actually pulled $2.19 billion from U.S. stock mutual funds in the week ended June 18, after pulling $2.8 billion the week before. Investors have pulled $10 billion out of U.S. stock mutual funds in the last five weeks, according to ICI.
2 comments:
Some socialist we have in Obama....LOL
Obama really doesn't have much to do with the Stock market. But he will end up taking all the credit for this bull market.
The Fed Reserve has kept interest rates at zero, and purchased bonds and mortgage-backed securities pushing long-term rates down. This has forced people seeking a return to plunge into riskier assets, like stocks. There has been no other market to invest in. Second, with low interest rates many have refinanced mortgages and gained access to lower-cost credit, which has freed up cash for other purchasers. That’s also good for stocks.
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