Signs of Bear Capitulation as S&P 500 Advances to Fresh Record
- Investors moving from bonds to stocks, Bank of America says
- S&P 500 climbs to its 10th all-time high since July 11
Wells Fargo's Christopher: Investors Looking for Growth
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The U.S. stock market, extending its sixth weekly advance in two months on Monday, is winning converts, slowly but surely.
With low-volatility stocks falling to the back of the pack as technology, banks and commodity firms lead the S&P 500 Index to all-time highs, U.S. equities are seeing a resurgence in popularity among a few notable constituencies. Asset managers are favoring stocks over U.S. Treasuries, while active equity funds are the most bullish since 2008, according to Bank of America Corp.