filmov
tv
The stock market is melting up and what to expect in 2020
Показать описание
BNY Mellon Chief Strategist Alicia Levine and Heritage Capital President and CIO Paul Schatz discuss a possible market melt up and the outlook for 2020.
The stock market is melting up headed into 2020 as investors reduce their fears over the U.S.-China trade war and enjoy low interest rates, and some new data out proves it.
Investor cash levels in December as a percentage of their portfolios are at the lowest level since March 2013, according to the latest survey of fund managers from Bank of America. The allocation to global equities surged 10 percentage points from November to 31% overweight, the highest level in a year.
Bank of America’s latest survey of fund managers with $745 billion in assets under management was conducted on Dec. 6 to Dec. 12, when it became clear a phase one trade with China would be inked. That deal was confirmed on Dec. 13, and the broader stock market has received its next push higher as a result.
Why investors are so bullish right now is also nicely picked up in the study.
For starters, investors are bullish on global growth as trade tensions appear to be simmering down and the U.K. election is in the rearview mirror. Global growth expectations surged 22 percentage points in December from November, marking the biggest two-month jump on record. Meanwhile, recession concerns plummeted 33 percentage points to a net 68% of investors expecting a recession in the U.S. is unlikely in 2020.
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
The stock market is melting up headed into 2020 as investors reduce their fears over the U.S.-China trade war and enjoy low interest rates, and some new data out proves it.
Investor cash levels in December as a percentage of their portfolios are at the lowest level since March 2013, according to the latest survey of fund managers from Bank of America. The allocation to global equities surged 10 percentage points from November to 31% overweight, the highest level in a year.
Bank of America’s latest survey of fund managers with $745 billion in assets under management was conducted on Dec. 6 to Dec. 12, when it became clear a phase one trade with China would be inked. That deal was confirmed on Dec. 13, and the broader stock market has received its next push higher as a result.
Why investors are so bullish right now is also nicely picked up in the study.
For starters, investors are bullish on global growth as trade tensions appear to be simmering down and the U.K. election is in the rearview mirror. Global growth expectations surged 22 percentage points in December from November, marking the biggest two-month jump on record. Meanwhile, recession concerns plummeted 33 percentage points to a net 68% of investors expecting a recession in the U.S. is unlikely in 2020.
About Yahoo Finance:
At Yahoo Finance, you get free stock quotes, up-to-date news, portfolio management resources, international market data, social interaction and mortgage rates that help you manage your financial life.
Connect with Yahoo Finance:
Комментарии