Few Investors See the S&P 500’s Next Chapter Being a Happy One
- Less than a quarter surveyed believe next 10% move will be up
- Second wave of virus cases seen as the top risk: Evercore ISI
Photographer: Sarinya Pinngam/EyeEm via Getty Images
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Turns out it isn’t just billionaire investors who are worried about U.S. equities after their big surge since March.
In a client survey by Evercore ISI earlier this week, fewer than a quarter of respondents said they expect the next 10% move in stocks will be higher. That’s more bearish than they were when asked at both the S&P 500’s peak in February and its trough in March.