FYI: The U.S. stock market has suffered two 10% corrections, or declines, this year—a response to rising interest rates, inflation fears, trade-war threats, and presidential tweets. Small wonder Wall Street’s bulls are feeling less exuberant today than they were last fall, when the market’s honeymoon with President Donald Trump’s economic agenda still was in full swing.
Barron’s latest Big Money Poll of professional investors finds 55% bullish on the outlook for equities through year end, down from the 61% who described themselves as bulls in our fall 2017 survey. The bears’ ranks haven’t changed much: 11% of managers are pessimistic now, compared with 12% in October. But the “neutral” camp has swelled to 34% of respondents from a prior 27%, suggesting that some former bulls find stocks less attractive than they did six months ago.
Regards,
Ted
http://www.cetusnews.com/business/Big-Money-Poll--More-Good-News-for-Stocks.HkL3NRRiG.html
