In Flip-Flop, Money Managers Now Say S&P 500 Has Seen 2018 Lows
- Optimism is a reversal from Strategas survey made months ago
- February lows have held in rebuke to previous consensus
This article is for subscribers only.
Money managers are having a change of heart.
That’s according to a Strategas Research Partners survey of roughly 500 institutional investors, 70 percent of whom now expect the S&P 500 Index to stay above its low of 2,581 reached on Feb. 8. That’s a turnaround from four months ago, when the majority said the worst had yet to come.