With the waters of volatility in the banking sector taking five – or, perhaps, 10 – the market’s turning its sights to some incomplete biz: disinflation, according to swissre.com.
Due to “decisive government and central bank actions,” what might have ballooned into a systemic financial sector crises – on both sides of the Atlantic, at that -- which would have put a damper on merging markets, was sidestepped. But stemming from stubborn core inflation pressures and tight labor markets within advanced economies, in May, the Fed and European Central Bank’s expected to hike policy rates.
Meantime, call it a game of adjustments.
In the first quarter, Gateway, which is focused on low-volatility equity investments, made adjustments in its portfolio, according to barrons.com.
The low down: it wielded the scissors, shoring its stake Apple stock and putting the old slash on its General Electric investment. At the same time, it purchased Altria Group stock (MO). The stock trades – as well as others -- were disclosed by Gateway in a form it filed with the Securities and Exchange Commission.
