CNBC Stock Blog
- Portfolio Prep for Next Week: 'Don't Get Crazy'
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Surprising Options Trades in TiVo Shares
- 10 Dividend Picks For Your Portfolio: Chief Investors
- 4 Thanksgiving Week Buys For Your Portfolio: Market Pros
- There's a 'Great Chance' For a Double-Dip Recession: Strategist
- Retail Earnings and Sales to Improve in Q4: Analyst
- 4 Food Stocks to Stuff in Your Portfolio: Analyst
- S&P at 1050-1200 Trading Range Next Year: Strategist
MOST SHARED
- Tiger Woods Out of Hospital After Accident
- The Good Entrepreneur Winner
- Gold Will Collapse Like Oil Did in 2008: Charts
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Next Week: Cash In Now Or Wait For A Santa Rally?
- CNBC VIDEO: Warren Buffett & Bill Gates 'Walk & Talk' at Columbia University
- Halftime Report: Dubai - First Ripple Of Larger Crisis?
- U.S. Stocks Fall on Dubai Worries
- Black Friday at Best Buy
- Strategists on Dubai: Avoid 'Rash Moves' Now
- Longer Lines, Fuller Carts This Black Friday
- Dubai Stock Market Fear Has 'Legs': Dennis Gartman
- Obama's Emission Reduction Pledge Paints Future for Autos
- Is Super Bowl Halftime Act Too Old?
- Surprising Options Trades in TiVo Shares
- EA Sports Hopes to Pump Up Sales Through Pop-Up Locations
- Abu Dhabi Will Aid Debt-Fraught Dubai 'Case by Case'
- Banks With The Biggest Exposure to The UAE
- Dubai's Debt Woes Signal New Era for Creditors
- Next Week: Cash In Now Or Wait For A Santa Rally?
- Dubai Stock Selloff May Bring Buying Opportunity
- Longer Lines, Fuller Carts This Black Friday
- Big US Banks May Be Forced to Raise Capital: Bove
- Bank of America Amends Pay for Senior Executives
- Tiger Woods Out of Hospital After Accident
RSS FEED
Text Size 
CNBC News Associate
Russell Investments recently released the results of its latest survey of investment managers and they are not as bullish as they used to be. Erik Ristuben, CIO of Russell Investments, explained the details of the report.
“The sentiment changed, but the market also went up,” Ristuben told CNBC.
“So I think they’ve been paid for the bullishness that they expressed at the end of the second quarter. Equities have gone up across the board, corporate bonds and high-yield bonds have rallied dramatically since March.”
Ristuben said the relative performance of corporate paper—both investment grade and high-yield bonds relative to Treasurys—has been “astounding” this year.
“Spreads have come in much faster than many predicted and there has been a lot of money that’s been made in those sectors of the marketplace."
- Art Cashin: Fooled by 'La Cage Aux Folles' Market
- Charts: S&P May Hit 1,157 but Momentum Is Waning
- Recovery Signs Out in the Country
"I think managers are beginning to believe that the rally is getting long in the tooth and it certainly cannot continue at the rate that it’s gone so far, and it’s got to slow,” he said.
Managers are Bullish on:
Technology
Health Care
Other Energy (ex. Integrated Oils)
Financial Services
Materials & Processing
Managers are Bearish on:
Integrated Oils
Producer Durables
Consumer Discretionary & Services
Consumer Staples
Utilities
______________________________
Disclosure:
No immediate information was available for Ristuben or his firm.
______________________________
CNBC Slideshows:
______________________________
______________________________
CNBC's Companies in the News:
Apple [AAPL
Loading...
()
]
Warner Music [WMG
Loading...
()
]
JPMorgan [JPM
Loading...
()
]
______________________________
Data is a real-time snapshot *Data is delayed at least 15 minutes