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Dow Industrials Edge Higher
Dow Industrials Edge Higher
A Son of Wall Street Privilege Faces Fraud Charges
A Son of Wall Street Privilege Faces Fraud Charges
The Markets Have a Message: Don’t Believe This Rally
Streetwise
The Markets Have a Message: Don’t Believe This Rally
Housing Market’s Health Put to the Test
Housing Market’s Health Put to the Test
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Starwood Deal: Cash Bid May Not Be King
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Hedge Funds for Retail Class Face Regulatory Reckoning
Regulator Moves to Create New Fintech Framework
Regulator Moves to Create New Fintech Framework
Chinese Investors See Golden Opportunity
Chinese Investors See Golden Opportunity

The Markets Have a Message: Don’t Believe This Rally

As risky assets have rebounded since mid-February, the havens to which investors rushed during the earlier panic haven’t had an equivalent selloff

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Amid the epic recovery in risky assets since mid-February, one thing has been missing: an equivalent selloff of the havens to which investors rushed during the earlier panic. Instead of the usual reckless rally, this has been a very cautious comeback.

Some of the highest-risk assets chalked​up spectacular gains​during the recovery. The J.P. Morgan Emerging Markets Currency Index rose 8%, a gain matched in such a short time only once since the index was created in 2000. U.S. junk bonds leaped 8% in price, the biggest jump...

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