FYI: After a big year for U.S. stocks—make that a big 10 years—America’s money managers see trouble ahead for investors. Blame it on the market’s lofty valuation, a muddled economic outlook, or the increasingly fractious political landscape, any of which could stifle stocks’ advance in coming months. Whatever the case, only 27% of money managers responding to Barron’s fall 2019 Big Money Poll call themselves bullish about the market’s prospects for the next 12 months, down from 49% in our spring survey and 56% a year ago. The latest reading is the lowest percentage of bulls in more than 20 years.
The Big Money bears’ ranks, too, have swelled to levels unseen since the mid-1990s. With major U.S. equity indexes trading within a few points of their July highs, our fall poll finds 31% of respondents bearish and 42% neutral.
Regards,
Ted
https://www.barrons.com/articles/barrons-big-money-poll-why-wall-street-is-scared-of-washington-51572045878?mod=hp_HERO
