Flows were heavily shifted over to bonds last week as equities lagged. Government bonds in particular were hot last week, but one firm advises investors not to give up on stocks yet. While many may be preparing to practice the old adage "sell in May and go away," Bank of America Merrill Lynch analysts say that wouldn't be wise this year.
Q1 hedge fund letters, conference, scoops etc
In fact, they say investors have gotten so greedy that it seems many believe central banks "will never hike interest rates ever again."
Major bond flows
In their "Flow Show" report dated Apr. 25,...
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