Gloomy Bond Investors Clash With Upbeat Stock Managers
(Businessweek) — It’s often said that stock investors, eager for gains, see the glass as half full, while bond investors, careful about losses, see the glass as half empty. Now, however, their views are so different that you might wonder if they’re peering at the same glass. Many investors have withdrawn money from the stock market, especially as weak U.S. economic data have bolstered bond managers’ case for a gloomier outlook. The U.S. job report on July 2 showed the U.S. economy lost 125,000 jobs in June.