News Formal

The world's biggest wealth manager says it's time to sell stocks

  • 📰 CNN
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 95%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

The world's biggest wealth manager says it's time to sell stocks. 'Over this next six-month period, we think it could be a rockier road for equities,' UBS Wealth Management Chief Investment Officer Mark Haefele says.

For the first time since the eurozone crisis, the world's biggest wealth manager is bearish on stocks.In a note to investors, UBS Wealth Management Chief Investment Officer Mark Haefele said that the group, which manages more than $2.4 trillion, has shifted to an"underweight" recommendation on equities.

Watch this space: The leaders of Corporate America are also selling stocks, my CNN Business colleague Matt Egan reports from New York.Corporate insiders have sold an average of $600 million in stocks per day in August, according to TrimTabs Investment Research, which tracks stock market liquidity. August is on track to the be the fifth month of the year in which insider selling tops $10 billion.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 4. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

True! Buy gold/silver bullion!!!

But the economy is doing great!!!!

Analysts have successfully predicted 198 of the last 3 recessions

Sverige Senaste nytt, Sverige Rubriker

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

Asia stocks, bond yields rise as trade war fears easeAsian stocks tracked global peers higher on Tuesday while safe-haven bonds sold ... Is Reuters cheering on China? lol
Källa: Reuters - 🏆 2. / 97 Läs mer »