Wall Street already positioning for a post-rate-hike world

Wall Street is so convinced that the Federal Reserve’s restrictive policies are nearing an end that money managers are already trading as if rate hikes were a thing of the past. 
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in New York. | Photo: Mike Segar/Reuters/Ritzau Scanpix
Raindrops hang on a sign for Wall Street outside the New York Stock Exchange in New York. | Photo: Mike Segar/Reuters/Ritzau Scanpix
By Emily Graffeo / Bloomberg

JPMorgan Asset Management is plowing into equities and at least one Invesco fund has done an about-face from its previous cautious positioning. 

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