- Biggest investors are looking beyond interest-rate hikes and the threat of recession to avoid missing out on the next big rally.
- They are stocking up on longer-dated bonds and selectively buying riskier assets like private credit.
- Traders in futures based on the Federal Reserve’s funds rate are already positioning for cuts to borrowing costs in the second half of this year.
- Investment groups are convinced that an impending slowdown in the US and elsewhere will prompt central banks to switch back to looser policy, triggering a renewed surge higher in markets.
- Missing even a few days of a market rally could reduce your returns by more than half, evidence shows.
Biggest Fear for Trillion-Dollar Funds Is Missing Next Rally
Some of the world’s biggest investors are looking beyond interest-rate hikes, bank failures and the threat of recession to one of the greatest fears of all money managers — missing out on the next big rally.
Richard Henderson
