There’s a lot to make investors nervous right now and it’s showing up in financial markets. Janus Henderson Investors has been reducing allocations to the U.K and Europe in favor of Japan. “The momentum is with the variant rather than the vaccines," said Paul O’Connor, head of multi-asset at Janus Henderson in London. “There are just some factors that are going to restrain the market," said O’Connor of Janus Henderson. Bank of America strategists said the U.S. recovery looks “increasingly tired" and pared their stance on European stocks to neutral.

Source: Mint July 24, 2021 05:03 UTC