Friday’s Russell rebalance may stoke more volatility in nervous stock market
Investors in the volatile U.S. stock market are preparing for what may be one of the heaviest trading days of the year on Friday, as FTSE Russell completes the rebalancing of indexes that are tracked by trillions of dollars in investor funds.
Global markets in “unambiguous contrarian buy territory,” Bank of America says
The trillions wiped off global markets in recent weeks has triggered a contrarian ‘buy’ signal from BofA’s closely-followed ‘Bull & Bear’ sentiment indicator, while emerging markets are seeing their toughest time since the peak of the COVID crash.
