Investors Say the Global Stock Rally Won't Fizzle Out Until 2019 or Beyond
- BofA survey finds drop in number of investors with protection
- ‘Buy the first rate hike, sell the last’ playbook being used
This article is for subscribers only.
A firming outlook for global growth and bullish profit expectations will keep the bull run in stocks on an even keel this year, suggesting the rally won’t peak until 2019 or beyond, according to a Bank of America Corp. survey of fund managers.
A poll of investors overseeing $526 billion conducted Jan. 5-11 show a majority pushed back the timing for a market top by two quarters from a December survey, when they expected an inflection point in the second quarter of 2018.