Brendan McDermid | Reuters
Wall Street investors believe the stock market is headed for losses after a positive first quarter, seeing cash as the best safe haven right now, according to the newWe polled about 400 chief investment officers, equity strategists, portfolio managers and CNBC contributors who manage money about where they stood on the markets for the second quarter and forward. The survey was conducted over the past week.could see declines ahead.
"Economic concerns enveloping recession fears haven't vanished as the yield curve still represents a counter to the market's climb higher," said Quincy Krosby, chief global strategist at LPL Financial. "But if the market can continue to edge higher in spite of a wall of worry that seems to climb higher with each new headline, it begs the question who's right, and which side is more prescient.
$DKNG 🥇
$PYPL 🚀
😂😂😂🤣🤣😅
Since about 90%+ of active managers consistently underperform the market over time (and dramatically so at turning points), is it fair to question their judgement here?
Has nothing to do with interest rates
Difficult to trust anything from CNBC with that host 'opposite guy'
Oh cool, so double down on stocks. Got it.