Investors as Bullish on US Stocks as in January 2015

Professional investors have turned bullish on U.S. stocks, their enthusiasm “fed by an especially buoyant earnings season that is offsetting other concerns,” says an article in CNBC.com. “Domestic equities are holding the biggest portfolio weight since January 2015, according to the August Bank of America Merrill Lynch Fund Managers Survey, a look at where 243 pros who manage $735 billion are putting their money.” The pivot to U.S. stocks has occurred despite lackluster returns in 2018,… Read More

The Nine-Year-Old Bull Still Has Momentum

The U.S. bull market, which turned nine on March 9th, is still showing momentum, despite the fact that it has been called the “most hated rally ever,” according to a recent article in The Wall Street Journal. The article reports that the “epic” run for U.S. stocks has seen the S&P 500 more than quadruple, the Dow Jones Industrial Average gain 280% and the Nasdaq Composite surge by 486%. And even as concerns about pricey… Read More

Big Investors are Bearish

Nearly seven out of ten investors say stocks are currently overvalued, according to a recent article in The Wall Street Journal. Citing data from Boston Consulting Group’s annual investor survey of 250 investors (with a collective $500 billion in assets), the article reports, “Big investors are heading into 2018 with the most bearish perspective on stocks since the great financial crisis.” The survey (conducted over two weeks starting in late October) revealed that most of the… Read More