Credit Suisse Is Now the Most Cautious It's Been on Equities Since 2008
A stock bull turns bear(ish).
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It's been just a few weeks since Credit Suisse released its 2016 forecast for the S&P 500, and already the bank is downgrading it.
"We reduce our weighting in equities to a small overweight, our most bearish strategic stance on the asset class in seven years," Credit Suisse analysts, led by Andrew Garthwaite, said in their 2016 global equity strategy outlook published today.