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March 2, 2024
PI Global Investments
Hedge Funds

Stock Markets Today: Treasuries, China economy, Best hedge funds, Ron DeSantis


Good morning. Buy-the-dip recommendations from two Wall Street giants, the best hedge funds last year and Ron DeSantis is out of the US presidential race. Here’s what people are talking about.

Two major Wall Street firms are recommending investors start buying five-year US notes after they saw their worst rout since May last week. Morgan Stanley sees scope for a rebound in Treasuries on expectations data in the coming weeks may surprise to the downside. JPMorgan is suggesting investors buy five-year notes as yields have already climbed to levels last seen in December, though it warned that markets are still too aggressive in pricing for an early start to central bank interest-rate cuts.



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