Markets may have rallied from the lows of March. But institutional investors are still not convinced. A poll conducted by Goldman Sachs of its institutional clients, with…
1,800 responses, found that 50% believe the lows have not yet been set, and 75% believe equities remain in a bear market. The poll was presented on a podcast made public by the company on April 3, so before the 7% surge on Monday.
While these clients were not totally convinced by the market, some 37% say the S&P will be above 2800 at the end of the year, and two-thirds said above current levels.
Not everyone is as bearish.
The percentage of NYSE-listed stocks above their 200-day moving average is below 10% and as oversold as it was in 2008-09, 1987 and 1974, according to…
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