Fear fading on Wall Street as investors learn to love the new bull market

The Wall Street sign is pictured at the New York Stock Exchange in the Manhattan borough of New York City. – REUTERSPIXFear is ebbing on Wall Street, with stocks on a bull run in the midst of the global coronavirus pandemic.

Investors may well heed their advice: nearly 80% of fund managers surveyed by BofA Global Research, the highest level in more than a decade, expect the global economy to grow over the next year. The survey also showed falling allocations to cash, another sign of increasing bullishness. The increasingly bullish positioning dovetails with the messages coming from big Wall Street banks. Goldman Sachs, for instance, raised its year-end target for the S&P 500 earlier this week to 3,600 from 3,000, citing expectations for outsized growth in US corporate earnings and gross domestic product next year.

One concern is the potential of market volatility stemming from delayed or contested results in November's US presidential election. The Dow Jones Industrial Average fell 5% in two weeks on the heels of a vote recount in the 2000 presidential election, UBS noted.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asian stocks at 7-month highs after Wall Street cracks more recordsSYDNEY: Asian shares climbed to a seven-month peak on Wednesday tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stim...
Källa: theSundaily - 🏆 25. / 51 Läs mer »

Asian stocks at seven-month highs after Wall Street cracks more records | Malay MailSYDNEY, Aug 19 — Asian shares climbed to a seven-month peak today tracking the S&P 500, which scaled all-time highs driven by ever expanding policy stimulus aimed at cushioning the blow to economies from the coronavirus pandemic. MSCI’s broadest index of Asia-Pacific shares outside of Japan...
Källa: malaymail - 🏆 1. / 86 Läs mer »