BofA Merrill Lynch Fund Manager Survey Finds Investors Migrating out of U.S. Equities Amid Expectations of Fed Rate Hike

Dateline City: NEW YORK Preference for European Equities at Record High Global investors have significantly pared back U.S. equity allocations as belief grows that the U.S. Federal Reserve will raise rates in the second quarter, according to the BofA Merrill Lynch Fund Manager Survey for March. A net 19 percent of global Read more [...]


ADP said payrolls surged 220,000. Expectations were for a reading of 210,000. Last month was revised to 209,000 from 191,000. Construction was up 19,000. Small businesses climbed 82,000. Around this time last month, we reported that some analysts were rebelling against the weight given ADP's ability to predict the actual jobs number from the BLS. The contention was that it is too reliant on BLS data and not on its own figures, making it sort of useless. What's more, the analysts said, Read more [...]