Hedge funds And Mutual Funds Are "Clashing" On FinancialsMark Melin
After the weaker than expected nonfarm payrolls in May – 138,000 new jobs were created after a revised lower 174,000 number was posted in April – Goldman Saks Chief US Equity Strategist David Kostin is more convinced of a rate hike in June. But perhaps most meaningful is what happens in September as it relates to the US Federal Reserve balance sheet. The predicted Fed move to announce plans for balance sheet reduction has potential to influence a popular mutual fund holding – a stock sector holding that
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