In the final moments of the year, they are throwing money at virtually everything. Investors have piled into far-reaching corners of global markets, driving a rally spanning stocks, bonds, gold and even cryptocurrencies. It is a pivot not seen in generations, one with wide-ranging implications for how much risk Americans are taking in markets. Others say it gives Americans extra firepower to spend on everything from concert tickets to flights in coming months. Investors haven’t been this bullish on bonds in 15 years, according to Bank of America’s December survey of money managers.

Source: Wall Street Journal December 26, 2023 13:47 UTC