CNBC Stock Blog
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- How Stock Investors Can Play Holiday Travel
- 3 Growth Opportunities in Tech: Analyst
- Prep Your Portfolio for Next Week: Stock Pickers
- Global Growth Good for Portfolio: Stock Picker
- Expect Tech Sector to Rise in Q4: Strategist
- Expect a 5-10% Market Pullback: Stock Picker
- 3 Stock Picks for This Volatile Environment: Portfolio Manager
MOST SHARED
- The 'Real' Jobless Rate: 17.5% Of Workers Are Unemployed
- Existing-Home Sales Jump To Highest Level in 2-1/2 Years
- Wave of Debt Payments Facing US Government
- Paul: Audit the Fed
- Start-Up Proves Everything Really Is Better With Bacon
- TV Retailer QVC Joins 'Black Friday' Frenzy
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- S&P Stocks Trading at New 52-Week Highs
- Madoff—The Holiday Drink
- China Asks Its Banks to Slow Down
- Rally Could 'Have Some Legs in 2010': Market Strategist
- Investors May Skew Housing Reality
- Buffett's Wealth and Fame Hasn't Helped 'Warren' As a Name
- Are Crazy Retail Deals Good for Business?
- Expect a 'Square Root-Shaped' Recovery: Chief Investor
- Madoff—The Holiday Drink
- HP to Feed on Enterprise Spending Next Year: Tech Analyst
- Busch: Markets Smell a Country Rat
- Schork Oil Outlook: Mission Impossible For The Bears?
- Bear, Lehman Execs Weren't Wiped Out by Crisis: Study
- How Real Estate Investors Skew Housing's Reality
- Treasury Auction of $44 Billion Gets Good Response
- Even Buffett's Huge Fame Can't Help the Name 'Warren'
- Wave of Debt Payments Facing US Government
- US Job Losses to Bottom out Next Quarter: NABE
- Obama Jobs Forum May Be More Political Than Practical
- Maria Blog: Are Crazy Retail Deals Good for Business?
- Suze Orman’s 'A Healthier, Wealthier You'
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