Goldman Sees Crisis Echo in Big Stock Rally Bereft of Buyers
- Wall Street strategists question sustainability of 2019 gains
- Investor caution ‘doesn’t bode well,’ according to Citigroup
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With so few investors buying America’s $5 trillion post-Christmas stock rally, Wall Street is starting to wonder whether apathy could kill the melt-up.
The question grew more urgent this week after a usually reliable catalyst for equity gains -- optimism over the outlook for trade -- failed to spur the S&P 500 Index higher on Monday.