For weeks, hopes that massive stimulus from the Federal Reserve and U.S. government would set the stage for a recovery later in the year fueled a blistering rebound in stocks even as the worst drop-off in jobs since the Great Depression slammed the economy. After surging over 30% in just over a month, the S&P 500 benchmark stock index has edged down about 4% since late April. In contrast, bond funds have notched inflows for four consecutive weeks, drawing nearly $47 billion, the bank said. …read more
Source:: Yahoo Finance
