Stocks Are Shrugging Off Bank Woes With Help From Hedge Funds
- S&P 500 down only 1% since bad news on banks started surfacing
- Varied positioning seen driving muted stock moves versus bonds
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A question has arisen amid all the bank failures. How, with the bond market enduring its worst spasm of volatility in almost four decades, have benchmark-level stocks managed to glide along, oases of calm?
Part of the answer, as is often the case, is positioning.