market volatility: Interest rate expectations have gone down materially this year, contributing to a notable shift in investor sentiment and material outflows from loan retail funds, wrote Barings' Thomas McDonnell, a high-yield portfolio manager, in a post Friday, according to Market Watch. But in a somewhat contrarian view to what's happening in the market there is a good argument for investing in loans, particularly in the U.S., where the economy appears to be marginally stronger than in Europe. But Barings, an investment arm of Massachusetts Mutual Life, said on Friday that now actually might be the right time for to buy loans to debt-laden American companies, even as other investors head for the exits. Broad market volatility this week, stoked by another flair up of U.S.-China trade war tensions, caused stocks on Monday to suffer their biggest one-day decline of 2019, with the Dow Jones Industrial Average DJIA, -0.34% shedding almost 770 points, the S&P 500 index SPX, -0.66% losing 87 points and the Nasdaq Composite Index COMP, -1.00% falling 278 points. The Dow later erased a near 300-point drop in afternoon trade and turned positive. Jitters remained throughout the week and spiked again on Friday, after President Donald Trump said that planned trade talks for September with China could be cancelled.
(news.financializer.com). As
reported in the news.
Tagged under market volatility, american companies topics.