Goldman Sachs sees room for investors to grow more bullish on US stocks

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By David Randall NEW YORK (Reuters) - The sharp increase in investor equity allocations to U.S. stocks since the start of the year still has room to ...

STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy David Randall

The net leverage exposure to equities by hedge funds remains below the average over the last 5 years, while cash allocations held by mutual funds remains 50 basis points above their lows from December 2021, representing a potential $49 billion of equity demand, GS strategists wrote in a note on Monday.

The benchmark S&P 500 has gained more than 14% since the start of the year as signs of strength in the U.S. economy and falling inflation have quelled widely held fears of a recession in the second half of 2023.

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